My initial strategy will probably be BRRRR in Iowa. 

I also understand that the real money will be made on the 3rd, 4th, 5th+ deals, so my primary concern is getting started, getting experience, and making a little cash on my first investment.My initial strategy was to purchase a light value-add dup/tri/quad that is selling at a discount per key to FMV ideally with rents below market.

. - Initially, you might handle things more hands-on, but having relationships with reliable agents, contractors, and eventually a property manager can provide major peace of mind!

One of which was that we initially planned to have this unit as a STR in the tourist season and an MTR during the winter.

If gathering everyone on the same day isn't feasible, detailed photos and videos of each area needing work can be a great alternative for initial estimates.

I do a lot in Detroit.The quick good/bad:- S8 tenants tend to be rougher on the property (but not always)- Paperwork/inspections/etc. can be burdensome and tough to navigate (especially initially)- People often think FMR rates are guarantee rental rates but that's not the case- Usually the rent isn't 100% subsidized and a lot of people don't realize this- S8 tenants tend to stay a lot longer than cash tenantsOverall, I'm neutral on the program.

Greater Boston has come a long way since the decline of the market from the initial effect of COVID.

Thank you for the information, I was a bit cautious about it initially due to the wire fraud warnings all over the place.

My PM initially touted Rhino ~ 1 year ago but lately has changed course.  

For that range you should not be having problems as you should be in B grade other than maintenance for capex that is missed but that is only a year or 2 and not vacancy.  .75% in Baltimore should be A grade with lesser vacancy and only potential initial maintenance.