We obtained a list of owners from CoStar in the desired locations and began making calls.

I'm unsure what the right path is, but I've been reading about investing in owner-occupied, multi-family properties.

If you live in your Home for 2 out of the last 5 years, when you Sell it is Tax-free up to $250,000 per owner.

I have done about 2k move in and outs, and have about 300 sec 8 and other govt programs, so I know a thing or two :) I just got 800 for a 1 br,950 for a two br. 1275 for a 3 br, but owner pays water so its like 1100.  

As a property owner, you are generally responsible for a number of maintenance repairs.

Lately, we have seen more Home Owner associations start to impose rules for landlords.

Toby is one of the owners/founders of Anderson Business Advisors of which I'm a client of.

So the lease will be higher than the advertised rent, they will be responsible for minor repairs, they are responsible for obtaining the proper licenses and pay all the taxes for their business operation (If you don't do this, you will regret it one day you see a tax bill that you as the property owner who are responsible for), and they required to have a STR insurance policy. 

Possibly buying a home that is for sale by owner.  

Although I stress again that cash flow less taxes is a number only relevant to one taxpayer-property owner.