Since you have more time than capital right now, consider side hustles like Airbnb co-hosting, property management for other investors, or even leveraging your nursing background to consult for mid-term rental owners.

When listing a property with a hybrid approach on OTAs, transparency is key.

Having separate accounts for different properties isn't super scalable. 

At that point in time the market was still hot for properties at my price point in my buy box.

If my spouse wasn’t opposed to moving I would try to buy a new house hack every 12-15 months and use low down payment owner occupied loans for as long as it made sense.

As of 2023, if a single-family home was worth $150,000 in 2019, its appreciation rate could vary significantly from that of a multifamily property bought for a similar price.To break it down further, let's assume both property types appreciated over the years.

The STR model is a different model and where it is at in it's business cycle, the average STR owner is not doing well.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

Understand that they are doing this to make a profit, so it will be more expensive than coordinating maintenance yourself.It may be a decent program for a DIY owner that wants to just outsource maintenance, but you will have the same maintenance issues with this company that you would with a PMC:1) Higher costs2) Admins answering the phones & assigning work, that just know the basics about maintenance.

As a PM, I'm authorized to make emergency repairs without owner permission.