The liability coverage is way better, the building coverage is often better, and commercial policies typically cover loss of business income as well, which a homeowners policy isn't going to help you with.California + wildfire area + STR is super tough. 

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

Mine is a 2022 build  Hey Ryan, Your property checks alot of boxes for me for a MTR focused on attracting families as a whole home rental.Single story, Good school district, Little to no competition on Airbnb, No HOA.I bought a property once in 2015 and it barely cash flowed as a LTR but now 10 years later, I cash flow as a LTR about $600 per month. 

I'm not an expert in these markets nor turn key but ohio is a great state to invest. our strategy has always been buying below market or building below market 

It's great that you're focusing on building a solid foundation before diving into real estate.

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

@Robert Ellis Since you mentioned panels, have you looked into SIPs at all for your builds? 

The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.  

Relationship Building: How will you get to know the borrower?

Of course you won’t make 25-35k net in year 1 or 2 but if you buy 3/4 unit buildings in a growing market you can after a few years.