You can find great 2-4 unit buildings at reasonable prices (compared to New York City), and many of them need to be fixed up, which is an added bonus of equity if you are willing to tackle a renovation.I'd suggest somewhere along the blue line (train) in the northwest part of the city, where you can find some priceless neighborhood vibes.Plus, the real estate community is unmatchable...tons of people willing to give you a hand up.

This will give us a edge as the goal is to have a waitlist of students in hand as we build so we can cater directly to the demand.Our solution is to rapidly develop housing through modular 2-4 unit apartments, which are as or more competitive then any other form of LTR I've underwritten.

These companies typically handle the construction and sometimes even the property management, which can be a great way to enter new markets without needing to be hands-on.In terms of returns, BTR properties generally offer stable cash flow, especially in areas with strong rental demand.

This way members can identify who they can use based on what project they have at hand and what they are looking for.  

Quote from @John Jasko: Yes, and I was brought in to the deal by a 3rd party money wrangler who has since washed his hands of the whole thing.  

It's hard to recover from a bad review when you only have a handful of good ones to balance it out.I hope this helps and good luck!

Get first hand information:) 

Of course as nature of things the community of investors in my area that are investing in the US is small and no united network of investors exists.Couple of days back a large conference of investors took place and I mingled with everybody and handed out business cards and managed to assemble 20+- investors to open a REIA. 

While it sounds like you have an opportunity to get your hands dirty, I would make sure to iron out your long-term goals.

However, I understand that hands-on experience is crucial in this field.