@Andrew Wade first narrow down if you want to be an active or passive investor.

Or just strangers off the street you met at a REI group? 

Quote from @V.G Jason: I'm sure they've slowed down, but are still actively looking.

RE is a lot more active and involved, even if you hire a PM and a GC which BTW eats up your returns.

The same street with the difference of a hundred house numbers can look drastically different.I hope this helps, rather than be discouraging.

One CPA is telling us that we need to file a partnership return for all LLCs and the other CPA is telling us that we can place all properties on our Schedule E and use Schedule C for our property management activities We like the Schedule E and C approach because it's cheaper.

If you have a competitive advantage that you can bring to your co-hosting/managing, then I would recommend looking for owners with properties that mesh well with your target resident.For example, if you are an active duty military servicemember with unique insight into what a servicemember is looking for, lean into that.

From what I read in the Wall Street Journal, there's a growing demand in those areas.If you're on the lookout for a reputable financial advisor, I know someone here in Scottsdale who's helped new inverstors navigate the financial maze.

Just the other week I was giving a tour to a potential Canadian investor, and they were shocked at how quickly a street goes from mid/high-end to....well, not as desirable.

If you are hoping that this property will stand on its own with you living in it and not having to put your active income into it, then it might not be the best option for you right now.