When it does the price doesn't always make investment sense to me.Might just be an idea to consider both...and some chance expand the search a bit, depending on what part of town your wife will work.

I am expanding my vacation rental portfolio from 1 to 4! 

My time is better spent expanding my portfolio and closing on deals.I agree about the 3/1s for SFHs but if you're at all familiar with Ohio, this is just how homes were built (being from CA myself, I'm definitely used to every single bedroom having it's own bathroom but that's not the norm in other states hehe).As for rental arbitrage, since I'm the owner of the house, yes I was curious how the cashflow would look if I was open to allowing someone else to rent it FROM me for the purpose of using it for arbitrage (and what the difference would be between the cashflow I'd already get for a LTR).

So kiddo's, let's stop there and put our thinking cap's on for a moment:If we want to MOST READILY/EASILY/CHEAPLY find OFF-MARKET purchase opportunities, which do we think that would be???? 

Whether through books, online courses, or hands-on experience, there are countless avenues for expanding your knowledge base without having to rely on paid sources.In conclusion, don't be fooled by those who seek to profit from what should be freely shared.

I am always looking to expand, but very proud of the work I've done on this one so far.

the Reason is if you do a sub too .. the buyer can default and it will take you  a few months to figure it out by then your have mortgage lates on your credit its hard to take the property back on the wrap you can easily foreclose etc.. really depends on what your credit score is worth to you .. ???

I plan to self-manage it, should be able to easily demonstrate 100 hours and no one works more than me on it, and keep the stays under 7 days.

A simple example is baseboards: if they're considered permanently attached to the wall like being glued on they're treated as a long life asset, it would damage the wall to remove it so it's like part of the wall; on the other hand if it's easily removable like being tacked or nailed onto the wall it qualifies for 5 year.

With less than 10 properties, maintenance can easily be tracked on a spreadsheet.