Do you see any cases where a non-professional could safely participate in one of these with the right approach?

If there is any kind of damage to the house because of a natural cause if you approach the insurance company without a landlord's insurance they will outright deny your claim.If you have a mortgage the bank will insist that you have landlord insuranceTenant has renter's insurance.

While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces. 

It’s a lot to keep track of, especially when researching multiple markets.Would greatly appreciate any advice/insights from experienced investors who've navigated these challenges :- How do you approach understanding and evaluating short-term rental regulations when considering a new market?

Do your homework hereAre Raleigh's Suburbs Similar in How They Approach ADUs?

How are you approaching the process of lining up buyers for each property?

Quote from @Bruce Woodruff: There is the black and white approach where only $100mm and 4% body fat are acceptable.

- Any lessons learned or best practices you’d recommend for someone leaning toward this approach?

I may also be a "necessary" approach if one had an erratic income and no savings.

My approach is to slow my decision making on big moves given the market timing.