There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

“Money goes where money is treated best.”Your future ability to attain and maintain financial freedom depends on the city where you invest.Investment TeamAn essential location selection criterion is an experienced local investment team.

How much profit you make depends largely on your targeted clientele and your property management. 

Depends on their health and any desire they may have to simplify.

NOT a Quitclaim Deed, as you may often see online, because Quitclaim Deeds do not fully warrant the rights and covenants of property as does a Grant and/or Warranty (or equivalent depending on state) does.

You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?

Just depends on the situation/scenario.

@Brett RiemensniderYou don't need to provide anything to your tenants tax-wise.

It's the boring places that probably won't appreciate above the rate of inflation that will provide real month to month income.