I own a 100+ old building and there was a lot that needed to be done after I acquired it.

Would it be a good strategy to acquire a smaller residential property/properties to pad my net worth so to speak?

This option is cleaner and you can use whatever money you have to put down and acquire home with some maybe leftover without the hassle of others attached to the title.

Imagine having to move out your tenants (who are angry and shell shocked because all of their personal belongings were destroyed), rip out your flooring and drywall, dry out for a week or two, and put everything back together - All while dealing with a remediation company who has 15 other jobs on the go at the same time as yours, and a GC who also has 15 other jobs on the go at the same time as yours, and dealing with your insurance adjuster (remember, the whole neighborhood got flooded, not just you).

If I acquire 1 str in this location, for around $300k, I should be able to get it to a stable net income of $2,500/mth in about 6 months, utilizing a reasonable 10% unleveraged net return, etc).

Can I acquire another property from the proceeds of the townhome?

I'm sure you witnessed for years certain clients building up their portfolios while you continued to provide them with the financing they needed to acquire them.  

I am super excited about all the possibilities out there and in the process of putting a plan together with the goal of purchasing a rental property in 2022 (Brrrr) but recently i was presented with the opportunity to work for a year with a Property Management company and i am not sure if this will derail me and waste my time or it will help me gain some valuable experience once i start acquiring my own properties.

Hi All,I recently moved back to the area after about 5 years and am looking to acquire my first property (a house hack) and SFRs / multifamily to follow.

At the same time, I acquired another property.