The idea would be to pick up something in the 650k-800k with an FHA loan.

There is value in intangible assets, at least as much as it would cost/take to recreate it - and it saves the buyer the years it took.Like Don said, maybe not interesting for a pure real estate investor, but this is a combination of a business and real estate, you have to value both.

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The other two in my post I picked up from OOS investors who had the same property manager as I do.

That name can’t be used in those states if already used so pick something a little off.  

From my experience, I really appreciate the fact that Chris picked up the phone and called me.  

Get yourself to a point where you can evaluate a few different groups, and be able to pick the one that suits you best for your first investment.

that's important - a lot of folks want to pick a property on Zillow and buy it just to "do a deal." 

Multifamily investors usually look to balance risk and return - usually picking either B or C neighborhoods to buy rentals in.

I would pick a major tourist destination where it wasn't saturated with STR's already.That would take some research but you could google top vacation destinations and find a place you would go on vacation.