FHA 203k wont work unless youre going to live in the property as your primary.

I live in Phoenix AZ, where we take our pool safety very seriously, as kids die every year in pools because it's warm and they swim much of the year. 

Consult someone who actually knows what they are talking about/does this for a living, but most of your tax savings are only going to offset the earnings of the partnership rather than one of you individually.

Can you buy a duplex in Arkansas and live in one side just to get your feet wet and make sure you like the area?

Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?  

I live in the area and just gave up looking for now. 

My property manager called (I live in Denver) and told me they got it turned off pretty quickly, but a whole wall's worth of drywall was damaged. 

Apartment buildings, assisted living facilities, self storage, restaurants... 

Even though we live in earthquake country, this was a new experience for us.

If you live in Texas this is a great resource to see how much MF inventory is growing in your market https://trerc.tamu.edu/data/building-permits/