I would narrow down my choices based on specific set criteria, then take a trip (week end trip) to places I would like to invest, meet with brokers, agents, property managers ... etc.

You still have several options, depending on if you want to invest directly in individual properties or be a bit more removed:Full-service turnkey investment: Should be mostly passive after you do your due diligence and pick a provider, but don't skimp on your homeworkYou choose which props to purchase, but have no control over tenanting choices, some say in large maintenance expensesAvg cost for solid B/B+ prop in Birmingham (and some other markets but this is the one I have data for, since it's my market) is about $100k per door; you'll pay market price for a tenant-ready, fully rehabbed propertyPartnering with someone who does the on-the-ground stuff while you provide capitalCan be passive if your partner really knows their stuff, but more likely you'd be fairly involved with the choices madeMore control since you call the shots with your partnerYou can pick which markets and price points you're interested inPotential for higher returns (ie buying distressed and then forcing equity through renovation) if your partner is experienced and can execute consistentlyInvesting in a syndicateMany investors pool funds to invest in much bigger projects like commercial space or large MFRs, or in larger portfoliosVery passive, investors are not responsible for project vetting or management, but you have no controlMay have higher bar for entry, some syndicates require large investments and you'll need to have liquid cash on handBuying shares in a REITLike an ETF but comprised of real estate investmentsVery passive, but no control over which assets are held in the fundHighly liquid, easy to buy and trade, lower bar for entryEverything is a trade-off between passivity and control, time and money.

Zoned business and residential.Your choice to make this your beautiful new two bedroom home, office, or combination. 6 Meetinghouse a great place to call home.

They have a choice of buying the home, or moving out and letting the next guy in line buy it.You offer a program to buyers with a couple grand down and affordable payments for 3-5 years on the balance.

@Ryan ChenWelcome to BP...What do you mean by FHA for maximum profit?

But it's still a choice that you are making for a bad act that wasn't even committed by the tenant. 

The advantage of directly owning is not only having complete control, but also the ability to create sweat equity when you are cash poor.Really your best choice is probably to hire a property manager.

@Brandon Hall correct me if I'm wrong, but for the 2018 and beyond tax years, the LLC now does make a difference, as it could be subject to additional pass through taxation reduction- as well as needing to make a choice on how the deduct mortgage interest.

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

@Ryan Rhodes, have you looked into a FHA loan?