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

I am a landlord and self manage my units.  

In a previous life I projected managed 54 new builds and have done my own flips to stabilize my own neighborhood.

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

I'm also having issue with no onsite manager, but in regards to insurance. 

But I know it would make a good MTR, and managing it from next door would be easy peasy.  

Tried it years ago when we starting managing MTRs and had zero inquiries or bookings from them.

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!

Learned about his children, learned about the 60 units of apartments he owns and how he manages to keep the expenses low.

I own a STR/MTR property management company here in SoCal.