STR markets are tough and change fast, best of luck!

Raleigh specifically has introduced “Fast-Track Plans” designed to streamline permitting to build ADUs faster and more cost-effectively.

Back to sec8, should be easy to see that's a fast-pass to time-suck-city. 

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

Tyler,Within my 20 years of experience as a landlord, if I had $150k and good credit, I’d focus on either flips for fast capital or rentals for long-term cash flow—trying both at once can slow you down.

You missed an important item: Depending on how a person does #1 or #2, it could get them: A fast-pass to the "Principles Office" for "bullying" and now there sitting in "detention".... 

Rundown and distressed properties sell just as fast on the MLS as they do off-market nowadays!

It's might be the case that it's hard to find cashflowinf properties, especially with 7% interest, in a fast growing cities. 

Fast and low burning fuel has nothing to do with the returns.

If your local market is very active and homes are selling fast, you may be able to get by with doing less.Your Home’s Condition: If your home is vacant or has a unique layout, using a professional stager who can bring in the right furniture and accessories may help buyers truly visualize its full potential.Your Budget: Talk to your agent to get an idea of staging costs in your area, as it can be the difference between your house selling and sitting.