Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.

Seems like the new on line marketing methods  Section 8 is the new shinny object..

- Will they search for off-market properties for you?

In the unfortunate event someone passes away and the property transfers via probate or a will, that fair market price gets "stepped up" so no taxes are paid.I would check with a CPA, but this is my understanding.

It possible that the market will stay low for a long time.

You could put most of your funds in the stock market and access them when needed for a HML.

It’s the price or the marketing. 

I plan to manage the properties myself until it conflicts with my regular job.I would appreciate any advice on these markets to ensure success and connect with local investors.    

Those computer algorithms are good for looking at a general market rate, but they are not accurate for specific homes.

@Ella Marie, I can't speak on behalf of your market, but in my respective market, competition is tough, and the successful fix-and-flip vendors are often full-time operating businesses.