It would also be much easier to manage considering you are currently living in Arlington.

Expecting big cash flow in multifamily apartments right now is kind of a fool's errand because if you find it it's probably in an area that won't be kind for out of state ppl with a third party property manager. 

But I know it would make a good MTR, and managing it from next door would be easy peasy.  

I don't really have the time to vet multiple agents, mortgage providers, property managers, etc in other markets and trust that I'm getting someone to steer me in the right direction.The Rent to Retirement concept takes all of that guesswork out of it by having teams in place in the markets that they've already researched. 

I currently work with investors who are looking to invest SFH/LTR that are turn-key ready and manage for them on the back end, so I see a lot of benefits in that market across the board. 

You have tax benefits through depreciation and you are gaining experience via property management.  

It looks good) I stumbled across someone locally who does it, but I'm sure you could find someone there if you or other out-of-town investors like the idea of paying a bit more for that level of security and obtain a remote monitoring source of the exterior of the properties.

It's best to have a property manager involved because they usually know the rules etc.

To tackle this, I brought in a VA who now manages this task for me, as it was consuming too much of my time.

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.