Commercial property can take a considerably longer to fill a vacancy.  

@Hannah Meyer the one consideration not said yet I would point out, is if you thought you might want to manage other people's rentals in a few years but not now, you need to wait 24 months after getting your agent's license to get your broker's license.

Plan your renovation timeline to list properties during peak buying months - also take into consideration that snow and rain will affect your rehab.Another way that you will want to take climate into account is  that given the cold winters, energy-efficient improvements like insulation and modern HVAC systems can be attractive to buyers.

Financing considerations include leverage, tax benefits, and property management fees.Good luck!

Equity and Cash Flow Considerations: Old House (1960, near payoff): With $100k in equity and only $38k left on the mortgage, you’re close to owning it outright.

And then you have tax considerations.

Another thing to take into consideration is that your tenants will be paying down the mortgage every year building you equity in the property.

As a property owner you have considerably more safeguards in place with a triple net lease where a management company has skin in the game vs a simple rental agreement.

I do know that very few municipalities won't require egress and life safety considerations.

With a 10% down payment, you can still leverage your savings effectively while keeping some liquidity for reserves and future investments.FHA Considerations: If you're considering another FHA loan, keep in mind the FHA rules regarding primary residence occupancy requirements.