Find a way to do both - at least for the first one.

Either that or find a investor/agent.

This might actually be a good time to find deals as some sellers might be more motivated.

I know how much time and dedication it can take to find the right deal.

Would love to find someone knowledgeable on which buildings you are able to STR etc.  

Maybe you could find a smaller home with the ability to add on an ADU or garage conversion?

I do think you are morally obligated to give the tenant a heads up of what's coming and sufficient time to find a new place if they can't afford what the new rent will be.

Been doing this game for 20 years...work your job, visit and help your mom, then find time to fix up your rental...always always family first without regrets or self inflicted anxiety. 

First time posting and getting into the investment scene, I currently have a single family home that was my previous primary, and looking into purchasing my 1st true investment property, trying to find some advice on the financial aspect of the purchase, here's my scenario;Currently going through pre-approval with the builder and I do have liquid assets enough to cover the downpayment for the property (40k) but I do have a car note (41k, 800 monthly, extra 500 to principal monthly) and a Patio upgrade (25k no interest till March 2025).

Purchasing a property with "next to nothing" out of pocket means you would need to find an exceptional deal.