While it's easy to group a whole city into thought buckets ("good area" "bad area"), I like to take a more data intensive approach.

My mom made a killing in real estate but hasn't run a number a day in her life so I am trying to follow in her footsteps in a more calculated fashion.

This is a more detailed breakdown on that property,Purchased the property for 195k, put 40k down, did some renovations and had it reappraised for 210kHELOC payment- $1150 per monthUtilities: $250 per month Taxes- $200 per monthI have had it on Airbnb for 3 months now and am averaging $3100 per month (June, July, Aug).

I just think most builders look at the numbers and say screw it and abandon the concept for a more expedient strategy with fewer headaches.The advantage of a shipping container is not it's strength (although they are insanely strong....IF you don't put doors and windows in them), but it's mobility (intermodality...trucks, ships, forklifts, etc.).

I'm working on a more formal goal/plan.I learned about bigger podcasts from a Captain in my unit who's been interested in real estate for a while.

Maybe your father-in-law would act as a more passive private lender and the property could be deeded in your name and he records a mortgage against it.

I usually take a more detailed approach to develop the high level estimate.  

If you take a more passive role, you will still amass a great rental portfolio with a little less risk.If you take the active approach then I suggest you have a competent partner or mentor, and assemble the right team in the markets you considered.In the meantime, and as always, continue to educate yourself.

On a more personal note, I was given plenty of opportunities growing up, which I think a large portion of my generation takes for granted.

I plan on going out to the property this weekend for a more detailed inspection.