This type of property would be very challenging for an EXPERIENCED investor to take down. 

Hello @Diana Teng,If you choose a city that meets the financial independence requirements and work with an experienced local team, you should be OK.The goal of real estate investing is financial independence.

I would love to connect with new and experienced investors alike, I'm sure there is a lot we can learn from each other!

and am eager to connect with experienced investors to gain practical insights.What I’m Looking For:Advice on identifying cash-flowing properties and understanding market trends in Lynchburg or similar areas.Recommendations for a local real estate agent or property manager with experience working with investors.Insights on how to balance active and passive investing as I grow my portfolio.I’m grateful to be part of such an inspiring and knowledgeable community.

Separately, if I experienced flooding in the past and did major plumbing renovation work to resolve the issue, do I still need to disclose these resolved issues? 

To get exposure as a real estate agent see if any experienced agents in your firm would allow you to assist with open houses or handle buyer referrals for them.

We help hundreds of first time or experienced buyers find great deals in local markets around Allentown and beyond.

I think the math should scale (i.e. for ~$2M I should be getting >12 bedrooms minimum).Does anyone have experiencing owning investment properties near UofM central campus, and/or as a property manager, that can comment on how the rental market has been for the past decade plus (stability, concerns, etc.)? 

Unless you are an experienced investor like Alan, it often leads to higher costs.  

I've worked with many investors in seller financed transactions and an experienced buyer agent would be extremely valuable to you.