I do understand that this strategy will mean lower returns as well. 

Hard to get any kind of support, and when you do, you can barely understand them.

I just want to make sure I understand the implications of moving forward with a double close before I do one.

Nik, I'm not sure I understand the question, but if I'm on the right track I would say that unknown issues.

My goal is to leverage the benefits of real estate investing to build wealth and create passive income streams for the long term.While I'm eager to dive into the world of real estate, I recognize the value of learning from experienced investors and mentors who have walked this path before me.

I understand the difference between the two and I really do not want to go the lease route.  

Don't jump in without a complete understanding of the pitfalls.

I understand what you're describing about your wife - does she try to help her investors find a home, rehab it, place a tenant and then try to flip it, or does she manage the property for the investors to provide true hands-off, passive investing?

What the people who advocate for rent control do not understand is that LL not being able to terminate a tenancy increases LL risk.  

Class A areas adjacent to Class F areas makes it difficult to understand the quality of the area you are buying into.