Many ideas sound like a great route to go down.

Should we buy one nicer single family home and short term rent like airbnb? 

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

Any tips for someone like me?

If you are like I was, the answer to that "What are you good at?"

Hello BP,I’m interested in exploring investment property opportunities in areas like Troy, IL, and Cleveland, OH.

I’m also an agent, if you’d like some perspective feel free to reach out. 

It sounds like wholesaling could be appealing due to avoiding some of those costs, but the margin is slim between your total investment and the ARV.

Professionals like attorneys and CPAs are not contractors however.

The metric to measure whether it works or not is the CONVERSION RATE, not whether or not a deal was made.If your conversion rate is 0.03% (like it usually is for DMM), spending more money to get more mailers out does NOT change the effectiveness of that strategy.