This will also help determine what type of home you ultimately purchase and provide your beginning foundation.  

No I have given only data.So when you add all this up, the first thing you need to do is get a website and make it credible.Polish up your social media accounts, create a professional banner and start creating content that is engaging.You want people to start interacting with you.Then provide value wherever you can (like I am doing on Biggerpockets).

This can provide unique investment niches.Cons:Limited Local Knowledge: It can be challenging to have the same level of familiarity with an out-of-state market.

This is partly because a substantial down payment provides an exit strategy, such as selling the property, if financial challenges arise. 

It provides a lot of valuable data that I use for projecting income on a specific property.

It's coming b/c it is going to provide liquidity AND lower investment risk (decreasing cap rates and increasing property valuation). 

Find a mentor -  someone who will provide you with the credibility when you lead generate with homeowners. 

Once a relationship is established, then you can be provided 506 b opportunities. 

I recently started listing on Airbnb as well and hoped that people with experience can provide some pointers about hosting on Airbnb.  

Most insurance carriers provide so not hard to get.Hope that helps.Best of luck