I had so many mental barriers and hurdles that I believed were stopping me from my own success.

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

Ring Cameras – Great for monitoring the exterior of your property for security purposes. 

Reviving this thread, as I am started to eye Louisville as well given the lower barrier to entry. 

The Yale Law Journal article, "Zoned Out: How Zoning Law Undermines Family Law’s Functional Turn," highlights this issue, noting that while family law has evolved to recognize diverse family structures, zoning laws have lagged behind, potentially hindering innovative housing solutions like co-living.Challenges for Co-Living InvestorsFor real estate investors interested in co-living, these restrictive definitions can lead to:Legal Barriers: Difficulty obtaining permits or approvals for co-living spaces due to non-compliance with traditional family definitions in zoning codes.Operational Challenges: Potential fines or legal disputes arising from housing arrangements that don't conform to local zoning definitions of a household.Market Limitations: Reduced ability to meet the growing demand for affordable, shared housing solutions.Advocacy for ReformThe Bloomberg article, "Why Are Zoning Laws Defining What Constitutes a Family?"

I suppose you could say I was complaining that the barrier to entry feels higher than it should be, but your reponse didn't necessarily touch on that.As for the cashflow points you made, sure I could just not care about cashflow in lieu of the equity and appreciation over the years, but the idea that an HVAC replacement negating any cashflow made is kinda my point about the conditions of the market.

Out-of-state investors love it out here because of the low barrier to entry, high rental demand (your house is not going to sit vacant), and lots of growth potential in areas that are going through revitalization, among other things.

They truly don't put the time, energy, and expense into locating property owners (many of which do not even want to sell) in order to buy their raw, un-entitled land.If you're a big builder, your phone is ringing with people or their representatives wanting to sell you their land.

Quote from @Micheal Smoke: Hi, my name is Mike Smoke, and I'm an aspiring real estate investor focusing on multifamily and Section 8 properties in the U.S. as the barrier to entry is much much lower in terms of price compared to Canada and Funding options. 

It’s owning high quality assets within areas that have a high barrier to entry so that asset appreciates over time as you pay debt down.