Probably not enough room in it to flip.

This suggests a strong ongoing demand for rental properties, which is critical for the real estate flipping market since it can indicate the ease of renting out or selling renovated properties.Interest in Affordability and Accessibility: Searches for "affordable housing Syracuse NY" and "low income apartments Syracuse NY" are consistent, which aligns with the interest in more affordable and accessible housing options.

If tax returns and DTI is an issue look at private institutional lending. 

The basement, which is what I’m considering for a third unit, is about 1,000 sqft so I don’t think I would have any issues with the size.

I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.

We are experienced investors in the Cleveland market, we are turning 1-2 properties per month (both rentals/flips).

It is my opinion that sponsorship groups that are struggling right now, but believe bringing pm in-house, are going to be in for a surprise when it doesn't solve all of the issues that they had hoped.

Too much redundancy is never good and suspect that's the issue you will run into.

Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

"She doesn't boom but she doesn't but either"The only issue I see with your strategy is scalability. 20-40 units often get crushed with expenses because of the lack of economies of scale. 100+ units are actually easier to manage :)Happy hunting!