How are you handling on-site tasks, have you hired someone to stop by once a week or so?

To approve, clean, handle issues or even fix the tv remote.

I know managers who handle multi family but it all depends on the door count you are looking at.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Okay, so once you have your SEV, you then have to research your Taxable Value.

Just know handling 3 separate rooms on AirBnB will be a handful... and you're not likely to get a ton per night since there's not a huge driving force for demand here in Dallas. 

Since you had to ask your question, you are not ready or qualified to invest other people's money and before you do you need to have a conscience and be aware that you are putting other people's money at a high risk if you don't have what it takes to find the right property, have the ability to manage tenants, have the ability to do the math, keep the property in good condition, have a good handle on how to do clean recordkeeping, how do accurate bookkeeping, send your investors reports, how the taxes work for every party, how to deal with contractors and maintenance, how to evict tenants and get new tenants quickly and the list is much longer.

I can confidently say that because I’ve taught many thousands of real estate investors from all walks of life over the last 20 years, so I have a good handle on what works…and what doesn’t.I’m going to say something that few real estate investing experts will tell you, but it’s the truth:Don’t just dive into apartment investing.That’s unusual advice, right?

Your sole purpose is to keep those tenants happy, handle their needs, account for rents, and pay the expenses to keep tenants in the building.

So the determination and reporting of value as well as handling debt and cash is your challenge when not using a QI and doing the delayed 3rd party exchange.

Perhaps an equity relationship with a contractor can help you get a more experienced eye on the ground, while you handle financing and marketing/closing on the backend.