@Zachary Scalzo I have an MTR in Chesapeake and am interested, but when I try to visit your site it won't come up.

New to this, so please be nice :)1.

Worried about saturation, thinking about going hard on the themes to appeal to visiting families.

Depending on your down payment (which it seems like you have a good amount of liquid for that) they can nicely cash flow.Ultimately, success in real estate investing comes down to choosing a growing market, investing in a good neighborhood, and building a strong team to support you.

You also have to think about outfitting common spaces, how your going to do that, and how your going to do it in a way that keeps the "village" happy and nice with everyone.

That means you have enough money to do these safely.I’m sure he's an enthusiastic and nice guy, most of his ilk are.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

I also don’t like renting really nicely rehabbed properties, most renters don’t take care of properties as well as we would hope.

I've found that Louisville offers some nice pockets.  

So not really a one sized fits all approach which is the nice thing about real estate being able to cater it to yourself and your goals.