I would first find a market that is showing signs of market growth.

To your knowledge, you think oceanfront studios are also profitable market for STR?

I found the deal on Zillow FSBO and contacted the seller.

I am trying to learn hands on skills so that I can buy properties that may need some TLC given how hot the market is here in Raleigh.

I'd love to connect and learn about the market. 

Let me know if your ever in the market for SFR in that area

It was through a local broker who brought it to me off-market after he knew what types of deals we were looking for.

There is nothing wrong with FHA, but most real estate pros would agree that if you are trying to get a seller to accept an offer when there are other competing offers, a conventional loan offer is going to usually be more favorable than an FHA offer at the same price.   

Good rental market* ( BP won’t allow me to edit my post title. )Hello,I'm looking to invest in a property for house hacking or to live in for 1-2 years before converting to a rental.

The plan is to replace all current free-market tenants with Section 8 tenants, as the rents are higher.