For a first deal it felt safer than a single family rental due to the fact that while possible, the chances of all units being vacant at the same time is much less than a single family being vacant.

Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

Hey @Faiyaz Hashmi & @Ali Ahmed - Here is our local Chicago meetup...we are discussing airbnb / short term rentals. 

Max of three rental properties.

I focus on buy and hold, and currently own three rental properties in Albany so far. 

Location: Central CaliforniaI also have an online store that brings in 150-200k NET per year and that’s what we live on and use to build a savings.

Tap into those markets.......generally your biggest wholesalers can potentially be your biggest buyers.also go to Your rent section on zillow in your area. research a couple of the owners of the rentals and reach out.

I'm using QuickBooks Online.

I saw some interesting single family houses (newly constructed) in the range of 200-300K, for examle in:McAllenEdinburgSan JuanMercedesHow can I deep go into research about those cities and neibarhoods in term of demand for rentals and for sales?

@Ali K.House hacking in Austin is popular, with areas like Round Rock and Pflugerville offering affordability, rental demand, and potential appreciation.