Before you make a choice I would have a thorough understanding of the return metrics associated with all of the scenarios.

But be sure to include all costs associated with the property: vacancies, rehabs, and long term issues like HVAC, roofs, etc.

Check out the Chicago Creative Investors Association run by Jane Garvey.

Also find your local REIA (Real Estate Investors Association) and attend their meetings.And above all, once you decide if it's really for you, keep at it. 

Matt Goyer from Urban Living provide a list back in 2017 so it would be a good idea to check (read CC&R or call the association) to verify since the article date back in 2017. https://www.urbnlivn.com/2015/07/27/seattle-condo-buildings-that-allow-nightly-rentals/Goo luck!

Certainly learning a bit how to spot the for sure items like the '50s 8 inch square floor tile with the associated black mastic, the heating ducts covered in thin white "insulation" as well as attics with the vermiculite insulation gives you a running start by knowing you have to add funds to rehab budget.

I am a newbie in the Birmingham AL area looking for potential Investor Events or Real Estate Investor Associations in the area. 

There is a meeting tomorrow night of the Lexington Landlord Association.

It has taken a lot of pressure off moving forward knowing that I’m using someone that is recommended or related to my existing network of associates/friends.

I've also spoken to a mortgage broker friend that called the VA association and they state that VA appraisal is attached to that property for 6 months minimum.