A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

It all started when my wife's college friend offered me an opportunity to invest in a commercial property.

Now if and when there is ever a problem at the property , they will give a friendly call 

I know of a lender around 7.3%, but curious what everyone else is seeing.Keep in mind, we're talking DSCR, not conventional.Local commercial banks are usually most competitive for this space.

We have  friends that are contractors.

I was just telling my friend today that I'm getting multi-family, high performance, and relationship mentoring all in one package! 

Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.

Not sure you really make more money.BRRRR would be interesting if you can find it.Flipping is competitive and brings in cash but not long term wealth.They all are great options, it just depends.

I find AirBNB from a host stand point much more user friendly & advanced.

Good on your friend for suggesting house hacking a duplex.