My partner and I are the creative investors that can guarantee we will put in the sweat equity to ensure a successful relationship. 

Owner occupied advantages are sadly not available to me, but if you have any other strategies that you have had success with in certain markets in Providence let me know!

If you do not find success there, there are some online companies like SpaceJoy, Decorilla, Havenly etc.

Is it a viable option and what could I do to increase my success rate when taking this opportunity?

@Joseph Kirton How much time do you feel is needed to be successful?

These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

Make sure the zoning, local building department/regulations, and neighborhood allow you to put a tiny house on your property and rent it out.If that is not possible, using that money for the next property makes sense.In general, I think increasing housing density will help provide more badly needed housing affordably.To Your Success!

What challenges or successes have you experienced?

From what I read, I think you are on track for success.