Hey Real estate champions, what option sounds best to you, if the intention is to get best return on real estate investment,  good cashflow,  cash on cash, less vacancy,  low maintenance, least hassle, and expect property appreciation over time etc might not go for BRRRR currently, due to time constraints, and it's tough in bay area.but considering, open to anywhere in US (but not a fan of snow) , and down payment is not a problem (although there is a max limit,  but let's assume it's not critical to put 100k - 500k down payment ) Option 1- Go big, all in, one apartment complex may be 20 -40 +units  in TX, AZ, FL or where ever its possible, hire onsite manager.Option 2 - Invest small, buy multiple duplex/ triplex etc. near by,  try to manage self to save on prop mgmt Option 3 - Go for multiple single family homes near by, manage self. easy to sell/buy individually if needed Option 4 - Go for Land, rent space for RV parking,  mobile homes etc .

This is to fulfill the "intent to live" for one year condition for the FHA loan.The reason I am posting this is because I want to find someone who can criticize//support me in these ambitions.

Everyone has their own strategy, and of course what you have in reserves to cover expenses through a vacancy is a critical consideration...that said...You are gushing cash if your numbers are right, nearly $1000 a month.

Very critically, listing agents HATE 203k and will steer their seller client towards the investor putting 20% down with a hard money loan that can close in 10 days, even if that isn't the highest offer.

I would think that a 13 year term loan, as long as the LTV is reasonable, would provide some security against any potential upcoming downcycle in the RE markets.But aside from the anticipated length of the deal, the far more critical factors are to evaluate each deal with cautious skepticism and also closely evaluate each sponsor's track record and especially how they performed during the last real estate cycle (sorry, but that eliminates 99% of syndicators here on BP, despite there being some very talented ones here). 

Location and views are critical. 

Buying out of state forces you to learn all of the skills that you will need to scale, no matter where you are based e.g. delegation, hiring and managing a team, etc.In terms of selecting a market the most critical element is whether or not it cashflow.

We never talk about the property while inside the property, unless we are criticizing it.

Between ADHD and the memory of a goldfish, organization to me is critical to efficiency and success.

The critical path will guide you in determining drafting the terms and conditions of your offer.