Single-family homes offer better appreciation potential but require a larger down payment and more maintenance.

Additionally, a fund allows for diversifying much quicker into a larger number of notes (and which also can be further diversified by geography, underlying real estate asset type, strategy etc.)The downside is that the investor has to feel comfortable vetting sponsors (and not everyone does).

Generally speaking, at least in my Jurisdiction, one must be someone who has been given such a task by the Articles or a high officer.

Think of potential pain points or ongoing vendor tasks that you can keep an eye on remotely with cameras in addition to security.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

One thing Airbnb and VRBO can not do is help schedule cleaning and maintenance tasks, owner accounting reports, and direct booking options that hosts need to go to next level.

That itself is no easy task for someone without experience.

If you are buying large multi-family, I would follow larger developments so your investment has a rock to support itself.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

BRRRR properties will take more up front capital to get started but if done correctly they can yield larger returns.