Simple.

Firstly, becoming a multifamily agent is a fantastic way to learn the business first hand while making some cash in the process.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

You may be able to find some freelance work assisting a real estate investor in the area by getting your hands dirty. 

Quentin, build your knowledge, make sure all this is done correctly.Banks rarely call the loan just because of the deed being transferred, something else triggers this, mostly because the investor decides education is not worth the money.It can be because the Insurance was not done correctly, the seller does not understand the process, the Title Company does not know what to do so they call the Bank and make a mess out of the process and a few other factors,If the investor is knowledgeable on what to say to the Bank if they call this is a fairly simple conversation to have.

You may also have to get your "hands dirty" in order to make these properties cash flow.

One thing to consider is how hands-on you want to be.

I live here and househack as well - can provide a first hand perspective.

Best experience is hand on training, and not some workshop making you go back to pay for free information online. 

Even  if it’s a 30 year fixed DSCR that allows you to live in it the interest rate will make the “residential” loan a far better choice  Oh the other hand if it’s 5+ you’ll have to go commercial.