We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.

i noticed though that the strategies you proposed are very different... an STR is a hospitality business and syndication is (in theory) at least somewhat passive.my main tip in getting started is not to rush into anything. 

It's about to be your small business.

In rising markets, you might want to hold onto some properties longer to maximize your returns.By focusing on these areas, you can build a solid foundation for a scalable distressed property investment business and navigate the transition from individual deals to a thriving operation.ConclusionScaling a distressed property portfolio involves more than simply increasing the number of deals; it requires a fundamental shift in the way acquisitions, financing, and operations are structured.

If you want cash flow, start or buy a business.

I know I would get bored with not having a job or business to do lol

When picking a market, I would look for things like population and job growth, rental demand, and economic diversity—basically, is the area attracting people and businesses?

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

I have many clients buying the older homes in North Phoenix near the north 101 as they are 20-30 years old, in need of updates, but also are poised for the long term growth from TSMC and other business/economic activity in the area. 

@Terri AbsherNot familiar with them but here is a prior post on BP about themhttps://www.biggerpockets.com/forums/311/topics/1006736-has-anyone-done-business-with-flipos