Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

This is in a town that has a very good Private College - Baylor University.

House hacking and multi-family properties are great ways to start in real estate!

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

The stabilized properties operate fine without me but the development side of the business requires me 24/7.

I only have 1 property under my belt and am currently house hacking my SFH.

There was no "assign to property" option and basically I had to re-add their profiles to assign them to a property, which was clunky.

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

Sounds like a pretty cool property, good luck!

Are these areas good for rental property investments, or am I barking up the wrong tree?