There are two main routes you can go: owner occupied - advantages include, lower down-payment, easier to recover from mistakes, easier to manage property, lowered living expensesinvestment property - needs a larger down payment but will cash flow right away, management can a little harder but you can get property management, it will also be harder to get a loan but at the same time easier to buy properties that need repairs.If we want lets link up.

To my understanding, the main stream of income generally comes from leasing it out to a single tenant for an extended period of time.My question is, instead of leasing directly to a tenant, would an owner of an investment property consider selling their rental rights for a fixed amount to a short-term rental manager?

Mainly once a realtor hears investor it seems like they feel you are going to waste their time.  

As we all know challenges arise that were not figured in the original scope and I ran into two main problems.1.

There's a good chance that applicants on McDaniel street are drug dealers or prostitutes, because that's the main drag, so, you might have to deal with letter from the police, telling you that they might seize your house, if you don't evict the tenant, if they've caught them in criminal activity. 

If you cut ties with one principal broker, you are unlicensed until you sign on with another.If your main goal is access to the MLS to work your own deals, you can find companies that just charge a transaction fee instead of take percentage of your commission.

I mean, you wouldn't have to pay for a roof, the main entrance to each unit is inside, unexposed to the weather, etc.  

Mainly because the comps aren't truly reflecting all the land in addition to the 2600 sq ft house.

My main purpose into educating myself about finances is to build wealth.

With an older building you may also want to assess risks of water intrusion in the basement, old wiring, old water mains, and old sewer lines.