We partitioned a section of the home for longer term rentals like travel nurses, plus the occasional AirBnB stay.

There are a lot of red flags here but don't let it discourage you, there will always be maintenance and the occasional bad tenant but it should work out over the long term.  

Usually too expensive to work on average rental properties.Type 3 (Average Quality, Average Price)May build an occasional garage or addition, typically focused on remodeling and maintenance work.No advertising, the contractor is the sales/bid staff, no design services, office support is typically wife/girlfriend/mother.Low overhead leads to markups of only 25%+.Bids: Difficult to get a professional-looking bid from them because they would rather be making money working, instead of spending their time doing bids for free.Comment: Contractors that are perfect for medium/low-end flips & rental properties.

Ultimately, we will live in the STR as retirees, and occasionally use it for vacation.

Loopnet and CRExi.com do have the occasional 2-4 unit pop up on them as well.

Only an hour away, but that can be remote too.We wanted a lake house we could also use occasionally. 

I do fix & flips and occasional wholesale some properties. 

Occasional domestic disturbance at the building but not the hardcore crimes so is fine for a C building.I would have to know the area you are looking at for the building and the cap rate to tell you if it is a good price or not for the area.

On a personal level, I invest my retirement money in stock and bond index funds and the occasional loan to other businesses.Putting money into a note fund should be as passive as investing in a stock or bond index bond, which I do with some of my retirement money.

Hello Omid,Consider exploring the Hollister real estate market; it occasionally offers properties in your price range, with a robust rental market.