I'd go to a market where the economics are the most favorable and focus on a strategy that is easy for you. we focus on new construction and land development in columbus ohio 

There’s a few really good easy read books out there as to why Baltimore developed the way that it did starting over a 100 years ago which in many ways ways is still pervasive and has crippled the city even to today.

The macroeconomics is rapidly growing - lots of job growth, population growth, and companies moving and developing out here like Intel, Google, Meta, Honda, etc.

There are STR specific DSCR loans that account for the previous revenue if you are buying one that has been going already.Read Avery Carl's STR book from BP and also follow Bill Faeth, Kenny Bedwell, Taylor Jones to start with to get an idea of what is happening in STR right now.

Here's why:With a DSCR (Debt Service Coverage Ratio) loan, you can leverage the rental income from the property—like the $4,800/month rental revenue—instead of relying on the seller's personal credit or income.

We believe that developing you into a successful investor is just as important if not more important than actually teaching you "how" to invest.

That is how developers do the same process.

You may find it useful to seek an unofficial preliminary meeting with the local powers-that-be to get a read on how much resistance there's likely to be with your development, as well as getting an early read on things they'll "suggest" to make necessary approvals more likely.

Costs were low and revenue was high. 

SFH's can carry more risk as you can quickly lose 100% of your revenue if a tenant stops paying, but they also generally come with more tenant stability.