If so, how is your experience?

I own all 3 of these asset classes so I speak from experience.  

Only experience is renting out my first home in Springfield, VA when I was in the Navy.

Often it's not so much someone with real estate experience that seasoned investors are looking for so much as it someone who can take other tasks off our plates.

I worked with one and that experience is the reason I now own my own PM company. 

This experience taught me to trust my instincts more and never skip due diligence, even in areas I am less familiar with like basements and water intrusion.Any advice on how I should proceed would be greatly appreciated.

@Troy F. speaking from experience as a licensed real estate broker in Iowa and in the Cedar Rapids MLS, the Cedar Rapids purchase agreement specifically calls out a clause if the property is a rental property (Y or N).

Would love to hear from others in similar situations or with more experience.

Then use the experience to work out the kinks and build a strong boots on the ground team.

I have 10 years of construction experience and my partner does as well.