With both of us working FT, managing 10 rentals, and parenting our kids we could no longer grow unless one of us left our jobs or we hired a PM.Managing one or two annual rentals is not difficult for most people, especially if you are local to the property.

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

Are you planning to invest locally in New York or are you open to investing out-of-state?

Just yesterday I was speaking with a friend who has over 100 properties in VC.Personally I invest outside of CA via Syndications however I work with folks locally to help them drum up local investment opportunities as well. 

You may also find others in the local real estate group looking to learn more about note investing.  

I've heard a lot about working with local banks.Does my strategy make sense?

It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.

Conventional loan with a local lender and 10% downpayment.

I took an excel sheet I found online (from "Tactica") and tweaked it a bit to help track and compare different major cities/ different local cities by taking its population growth, labor stats, and rental stats/ multifamily stock to help someone visualize the different places and see where their next investment could be.

And then pay for digital advertising on local RE/business centric websites.