We are not sure where to start with choosing a new investment strategy.

With the third of the ten strategy / fact-finding meetings pending, I wish I'd signed up a year ago.

.- Purchase price: 600k- Strategy: STR (5b4b 14 guests)- STR income: 132.6k (Aridna data) / 11.05k monthly- CoC: 17.5%Here is another example, just a random on-market deal where number works:https://www.redfin.com/AK/Anchorage/3640-Chiniak-Bay-Dr-9951...- Purchase price: 550k- Strategy: STR (5b2.5b 14 guests)- STR income: 124k / 10.3k monthly- CoC: 19.79%Alternatively, I discovered a few small multifamily properties with a mix of LTR+MTR+STR to help with occupancy optimization, and I can see that on-market 4-plexes like this one with a cost of around 600k will cashflow and gross a similar 110k-120k yearly.I see that population growth slowed down, and maintenance/utilities should be much higher due to harsh winters. 

It seems to me that because you are going with the new construction route, with the bulk of the down payment provided by your grandparents, you would be missing out on this key benefit of the house hacking strategy as I bet the lenders are going to require a minimum of 20% down. 

@Helen Brennick The BRRRR strategy is great but keep in mind what @Travis Timmons mentioned.

It's a smart strategy, especially for first-time investors looking to maximize their real estate investment returns.

As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence.

Looking for deals out of state may not be a bad idea, although I would not recommend it for a new investor unless you have good knowledge and have had time to study the market you want to invest in.Another option is to tweak your strategy a bit, and instead of looking just at the cash flow, you look more at appreciation, which brings me to your comment about having missed the boat.

I am still active duty with a few years left, we are developing our investment strategy now (LTR, STR, Notes, Liens). 

- What is your automation strategy especially cleaning scheduling and dealing with customer requests, esp. at midnight?