If you are looking at FHA because of credit score, then I would work on credit scores to qualify for conventional financing or see if you can get a very strong coborrower with high scores.  

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

Demand and occupancy appears strong, but the numbers don't add up for me to justify the effort of STR.

Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

I would strongly advice consulting with an attorney or financial planner to discuss your options.

That's why I'm focusing on education first; I want to set a strong foundation before making my first deal.Apologies in advance-I'll be asking too many questions, just to warn you-but I really feel delighted to be aboard, learning from each and every one of you and subsequently sharing my own successes.

As the state capital, it boasts a strong government and military presence, supported by the nearby Air Force Base.

Just unlikely you'll allocate all the money as a HML without a super strong network which may be unlikelier than all deals being properly paid on time.You'll need to invest $8million gross, at 10% gross returns to make $40k/mo net.

Quote from @Thomas Farrell: Quote from @River Sava: Hey Thomas,BRRRR is still a strong strategy, especially with solid capital.

Last thing, I would strongly consider consulting with a knowledgeable property manager or attorney once you have a copy of the current lease and all of the facts.