What are the key risks or potential pitfalls in this strategy?

Keep in mind that many responsible agents tend to be conservative with their valuations, especially in today’s market, where properties aren’t moving as quickly as they once did.If we’re in a conservative market, pricing on the lower end may make sense, but it’s always good to weigh your options carefully.

Many of the residents there eventually move to our property.

The market is going to go up in the next 5 years. Everyone has a timeline of when interest rates are going to change. Interest rates need to drop a certain amount in order for a person to make a transaction right now....

The key for any tenant, S8 or not, is screening, imo. 

Because you are able to work remote, enhances the need for flexibility as I can easily see a time where you want to move someplace else because you can.  

It is a great market but highly recommend partnering with an agent who knows the market and has experience dealing with investors as location is key. 

Consider using Wyoming Trusts.Here are some key features of Wyoming trusts:1.

We just helped an investor buy a side-by-side duplex for $110k, pretty turn key with tenants in there paying $825 a side.

The returns that investors require is generally based on their perceived risk of the project and the investment period.With my CFO clients who do real estate development, most LPs in the small-scale residential space (SFR & 2-4 MF) are investing for 3-5 years and are looking for a preferred return of 8% with an IRR of 16%-18% for turn-key and 18%-24% for value add.