One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it. 

Also Lance Edwards Multifamily Success Home Study SystemJust google them and you will see their websites.

After reading and talking to my lender which didn't offer it (similar to what @Drew Sygit said) I went the conventional route and used cash for the remodel. 203k loans have hurdles, payment draws, specific contractors (grosssss), and other requirements that slow you down or cost money.Investors have found success with (203) loans it but consider your overall goal, budget, and timeline. 

You can package the property into a perform note You’ll be able to raise private and or commercial money through the note 

As you know there are a lot of factors that play into making each property a successful Short Term Rental.

No problems with thinking big -- but thinking big and fast when you don't have experience is risky, and will reduce your likelihood of long-term success. 

would love to hear from a flipper than does not pay buyer agent commissions that has had immense success....

If major issues or concerns are discovered, provide detailed information to the seller and either negotiate a discounted price or consider walking away from the deal.Due diligence is the backbone of successful real estate transactions.

Looking forward to hearing more about your experiences and success! 

How to find a mentorNot every successful person will make a good mentor.