Quote from @Jacorion Williams: As hard as it may be to find and fund an investment property, managing it is far worse.

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.

He prioritizes deals with substantial margins, mitigating rate increases, and actively manages rehab costs to maximize profitability by being heavily involved in the process and GCing his own projects.

Do you plan on self-managing your properties?

If you have limited prior experience owning / operating multifamily assets, they'll also require you to use a professional property manager with multifamily experience.

There's plenty of information on how to find a good market with a quality property manager.

Etc etc Do you have property management?

Every investor faces challenges, whether it's finding deals, securing funding, or managing rehabs.

There are short-term rental management companies that can help with that.One that I work with in Michigan covers the entire state and can advise on local short-term rental regulations or regulations that may be on the way, they can give you an analysis of the demand for short-term rentals in that area, nightly rates in that area, monthly occupancy percentage, and projected monthly income.They also let you choose the level of service you would like from them from full service to minimal.To your success!

Really well managed, and great communication.