They are major BRRRR projects with the main exit strategy being to hold as medium term rentals.

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

Once we got to about 20 rentals we quit our full time corporate jobs and now manage our rentals full time.  

I owned a rental in 2015 but sold it to make a big move to Florida.

Raleigh has strong rental demand due to its growing job market, universities, and overall population growth.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

From what you wrote it sounds like the rental you own is your sole, pre-marital property.

I manage around 400 rentals with 14 years of experience and have never been sued once.

Quote from @Sara Valentine: I have rented my personal home as a fully furnished/lots of amenities 3 month rental jan, feb, and march the past 3 years.

I point them to the local watersports rental company that drops boats and ski's right at the local marina.