@Sakib KhanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I need to better understand all impacts each option has for a smaller operation.

Osceola County (Kissimmee) has many options in purpose-built, legally zoned STR communities.

In the assets I am considering - the seller is typically selling because they no longer have the time or energy. 

If funding is an issue, you do have some options.

However, required downpayments were typically 40-50%, and would be difficult without a residency visa.

If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.

Also, I am considering alternative financing options (beyond Hard Money).

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.

Master Lease with Option.