Each exit strategy offers numerous advantages on both sides. 

The goal is to create cash flow, do some value add work, and be able to take advantage of the STR loophole to help with my W2 income (hence the self managing).I’ve been exploring towns like Beacon, Woodstock, Hudson, Newburgh, Lake Hopatcong, Highland Lakes, and others.

Did you get a advantage and how did it helped.

If you want to be an active investor, to be successful, you need an advantage.  

Anyways, I have taken advantage of adding ADU’s in 5+ multifamily and triplexes.

Take advantage of it, search old posts (learn from history), and read as much as possible because that's how you get unstuck and out of analysis paralysis. 

And always set aside reserves for the unexpected.always look at location, schools and is there an area that is gentrifying where we could take advantage of better appreciation Inspections are paramount.

And the fact that you're local, on-the-ground, gives you a massive advantage. 

Hardly anyone takes advantage of it.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).