Less risk as far as a debt note, that's true, but debt is not the only risk to be managed.

Quote from @Jacklyn Robins: You've "never" had this issue, but you've only managed a few properties for five years.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

The first thing I would do is to find an investor-focused realtor that can help you connect with reliable contractors, property manager, etc.

.: @Srikanth Kumarjust curious how you plan to manage a BRRRR from out of state. 

I would suggest leasing a commercial space for your business first before you go straight to purchasing a space.

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.

Has anyone come across their property management company creating a "First right of refusal program" for maintenance requests? 

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

You could trim your expenses by eliminating property management - you can absolutely do this yourself on a 6-unit, even as a newbie.