Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Multi-family for me has been the way to go and has left me assurance that even during vacancy, I will be covering most of my mortgage. 

Ps — I think I prefer SFH value add vs Multifamily house hack.

Super nice guy, and a genius.You can also go checkout Divorce Lending Association and find a local CDLP if you'd prefer.

There are a few ways you can handle the renovation which all comes to personal preference.

Since the distributions are from a preferred return they are not guaranteed payments. 

Do have an idea of your preferred acquisition price and how much rehab might be required? 

I also prefer to screen the guests and set my own price/stay restrictions.

Keep at it because the way you talk and your analysis preference + being good with people is the key to what you want to do.

You can also look into REITS but I prefer owning my asset and not sharing with anyone I'm not in business with.