@Raquel Blue - As both a Property Manager and landlord in Hampton Roads, VA, I’ll tell you that I have had plenty of people inquire about doing similar things - what you described or even more often, group homes.

The city is growing so quickly that there is plenty of opportunity here.

If the deal is good enough and you stand to come out the other side of the deal with a cash flowing property and your cash back then I would think it is plenty wise choice.Every investor has a strategy you have to decide what yours will be.

I will be graduating in 2 years as a physician and will have plenty of income to put towards investing but not enough time to be able to research, find, flip, or manage properties/rentals.

While not all do, there are plenty of multifamily syndications that provide Cash Flow from the beginning on a monthly or quarterly basis.

Find a good turnkey operator who has plenty of experience, knows their markets very well, and treats you extremely well as a client investor. 

Plenty of folks looking to buy or live in Black Rock, CT.  

Believe it or not I’ve seen it plenty of times with transactions here.

It might be because we don't laugh at their obscene jokes or go drinking with them or act worldly.

Yes plenty.