I think your target audience for renting by the room would be college students or young working professionals. 

@Aaron Bard the syndication route would likely be the best route to go for you.You will likely structure in either a 506(b) or 506(c) syndication, each having different pros/cons.To raise capital from those outside of friends in family, you will need systems and process to be able to target/attract investor that want to partner with you on your projects. 

My target market is Detroit and I have 12-doors there personally.If you have aggressive goals and want to transition out of your W2 in 5-10 years you will NOT get there following a turnkey investing approach unless you just have gobs of capital. 

Hit me up, let's connect, put a game plan together and I could help target this market with you.

Also USPS Every Door Direct Mail (EDDM) allows targeting specific neighborhoods or routes without individual addresses!

This classic “leveraged buyout” is the basis for what we call “private equity” (KKR) today, but of course requires significant capital, business and financial expertise and experience, and a business target large enough to attract top tier management with incentives to out perform the previous management.   

I would rather keep my personal residence and "normal" rental properties separate from the messy world of tax liens and deeds.I think asset protection planning is a fascinating practice area, but is most relevant to high net worth individuals who are in lines of business that make them a target for lawsuits.  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Taking time to educate yourself on your market, drive the streets around your target zip code or area so you know the good streets, bad streets, and up and coming streets.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.