There is definitely money to be made, just have to adapt to the market.

I haven't toured the house yet, but I think it also could easily be adapted to a multifamily with an exterior stair access or perhaps an interior one, but have to look at it  However, it is also in a real nice neighborhood of old SFR just like it, so I'm hard pressed to want to ruin the outside appearance with a stair case.Sooo...First question - is a three story, 4 bedroom, 3500 sgft house too big to successfully rent in the SFR market?

I do have somewhat looser goals for 3 and 5 years, but I never go beyond that because I leave myself open to adapt to the changing landscape.I went to MFR's because MFR's are too easy (once you have the right experience).  

I believe this is the future of house hunting, although the Real Estate industry is typically slower to adapting to new tech trends haha!

The market will adapt .

Landlords, have to be able to adapt to this very fluid real estate cycle and adjust to the slew of headwinds coming our way.

If you want to find the right market for your strategy, you need to go outside your area, and then really get to know the area.Yes, you are right, you could change your strategy and adapt to local conditions.

@Jay Helms For my company and our buy and holds we built a management company so the hardest part was building the systems and adapting as we grew from 50 - 500 units.  

I also make sure to run my numbers carefully and then revise as I learn and adapt.  

Both schools are pouring development dollars into the areas and there is a flurry of adaptive reuse projects in the works.