you can try but these DST and GP have biz plans they must follow.

My plan so far has been long term rentals, but, recently, the idea of short term rentals crossed my mind.

You'll likely be looking at the Midwest.Don't care about that and just want exposure and appreciation?

With higher interest rate and negative cash flow currently i won't be able to hire property management and planning to rent it out myself.

A side note: I do plan on investing the money into another investment property (non primary) 

So, it's crucial to have clear agreements and carefully vet the projects to manage these risks effectively.

Here's some rough math:purchase price: $300,000 (well below median, and forced to certain geographic areas)down payment: $60,000 (minimum 20% for NOO SFH)Closing & out of pocket $11,500Rehab & reserves: $20,000I want to congratulate you a bit for having built some really solid equity in your primary; consider yourself very lucky and take good care of that asset. 

The trick is to learn and be careful and disciplined. 

My plan is to occupy the  property for a year (to utilize FHA), then rent it out and look for a new property. 

I plan to invest in the Hampton Roads area looking to purchase a 5-10 unit multifamily unit in the next 3 months !!!