Unless you're going for cash flow properties in low end areas and feel comfortable managing those types of properties, I would probably move along.

I look forward to hearing from you soon.My advice within reason is to separate out the primary from the investment property, ultimately any property you buy probably isn’t purely the absolute best property property you can buy from an investment standpoint but that’s ok, I’d figure out what budget you are comfortable with, figure out place you can be happy for at least 5 years and at the end hope it cash flows, I’m not saying buy some property that’s an absolutely terrible investment but there’s more to life than a few hundred in cash flow in 5 years lol.

It used to be that if you found a 6-figure job in a college or resort town, instead of having to live in a big city, you had basically cracked the code of life and lived a very comfortably. 

The thing is, it’s rare to find a SFH in my target markets that fit my buy box because of either high prices or condition being a bit too distressed for what I’m comfortable taking on as a first purchase and having no experience in rehabbing a home.

(Off topic, yes, but you are getting into the hospitality business, and as such, need to provide the full experience, from a nicely designed place to stay, to comfortable towels, mattresses and sheets, to a fairly seamless checkout experience.  

I think it comes to your own comfort level and what gives you the most peace of mind.

I was thinking that this would bring in more than enough cash flow to make their lives very comfortable while paying for their ALF.

As soon as you feel comfortable that you know enough to chat about what wholesaling is and how it works then start telling people at every opportunity that you are looking for houses to buy.

Honestly you’re not gonna cash flow pretty much anywhere in the region and to be honest you can “house hack” a rental basically you could rent a room in a house, the biggest reason to buy is over time, the appreciation plus locked in payment looks better over time, frankly that time horizon is about 5 years on average right now, if you expect to be in the region for the next 5+ years buy something I’d probably prioritize buying something your comfortable in for the medium term than “cash flow” which your not gonna find regardless with these rates. 

Am I comfortable with a completely illiquid investment?