Find one that fits with your life and how much effort/capital you have.

This year, I’m committed to creating balance in my life, letting faith guide my decisions both personally and professionally.In my real estate journey, I combine my tech background with a passion for community-centered development.

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

It feels like everything in life now has a 2-3% admin fee lol. 

For family life, there are great communities with good schools and a lot of kid-friendly activities.

However, if it is an STR, the depreciable life would be 39 years.

It depends where you are on your wealth and life ladder.

You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

I would talk first to an electrician as many do fire alarm and life safety.

Consider putting the property up for sale and get your life back on track, then try investing again.