Hey Erik,They ended up being a scam and I learned the hard way.

I was looking at going the self-managing route due to me having a little more experience and mainly finding a great handy-man and GC in the area to help me if repairs were to come up from the tenant.

Then financing for the horizontal ( toughest in my mind to get)Lastly vertical construction funding.and if this all lines up TIME  most places its 1 year to 5 years to get a project approved and ready for vertical.

It is illegal to deny a tenant based on source of income, so if they have a CHA voucher they can live anywhere. 

Even if I start with one property and work my way up from there, I’m certain I can be good at it.

As a direct short-term rehab style ender we lend to NEWBIES 100% of purchase & 100% of the rehab on 1-4 unit properties (in 18 states) up to 70% of the ARV.

This is not working for the utilities are eating up the rental income (in addition to the mortgage).

These forums are a great place to learn and connect with fellow investors.I’m an investor based out of Columbus, OH.

@Gaurav Vedi this is very thorough.Did you also evaluate the increased cost of compliance, admin, and time you will need to invest in executing setting this up and maintaining it? 

While vacation rentals aren't a huge drop in the home supply bucket, they're not nothing, and any reduction in home supply for primary residences will eventually push prices up.