The Bay Area is definitely a unique market, but it's home so I figure I'll try my hand here first.For the multifamily, yes, I would plan on living in one unit.

The Health District in my view is bounded by:I-95 to the EastDolphin Expressway to the SouthNW 14th Ave to the WestNW 20th St to the NorthProperties within these boundaries are limited/rare, so while the above is the 'actual area' I also mean the surrounding neighborhoods and streets.The area doesn't have the best reputation in terms of safety (Though there are definitely rougher areas in the city), but it does seem like it a solid rental market - with plenty of jobs nearby.It is also fairly close (Depending on traffic) to Wynwood, Downtown, and Little Havana/stadium(s) and the airport.  

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

Also, definitely start connecting with people who are actively investing as they can give you an idea of what all is going on in your area.Good luck!

Definitely complete your degree.

Others here I'm sure will have more experience and knowledge than I do, but from what I have gathered, your real estate license is definitely not necessary to get started or potentially ever.

I have already decided NOLA is definitely not on my list for STR's due to all of the loops that are in place.

I'll definitely research it.  

What is your definition of gut?

@Sasan Nemabakhsh...Feel free to take what I'm going to respond with a grain of salt, and while not exactly the same, I've worked on some hospitality construction financing, and the lender I've placed with has appetite for ALF construction.I don't know about construction cap, but end should be running at a 8ish, on ALF, from my knowledge.You should definitely get a 3rd party feasibility study done to determine the answer to the question of market due diligence.