It can work out great for both parties when set up correctly.

@Gabriella PellolioTaking out a second loan on your primary residence can be risky if for some reason your new investment doesn't work out.

The payback is around 7 years.Yes I know about submetering and all but trying to keep track of all that lots of work. Out

Yes, management is more intensive, and 50 units is nearing the size of facility that having a small on-site manager could be a benefit for oversight, management and leasing.

Hartford, typically- is a time intensive, managerial headache. lets just say that the reconstruction of everything went nearly perfect.( Which if your first decision is to skip the professional planning process. seems highly unlikely. ) Anyways lets table this thought for a moment.  

Hire thoughtfully and let them go if they don't work out as well.Bonus: Train your VA how to use AI to help with research work and they should really learn from you how you want your research performed.

For us, we are looking and doing LTR or MTR furnished room rentals but its very operationally intensive.

You can still make good money otherwise I wouldn't be doing it, but property management is still fairly labor-intensive over a decent-sized portfolio. 

I'm in between renting it out or doing a live in flip, but I'd say I'd like to do both by doing a less intense fix n flip, then hanging onto the property once I move in a year or two.

Then I weigh that against potentially living in housing court evicting people, fixing up destroyed units, and the far more intense hands on management required.