Check in on "how's it going" and do thorough preparation and contact with each party.If you do a destination whole-house Air BnB, try to fit as many people as possible, and have two bathrooms.

With that said, commercial loans can be easier to obtain and will sometimes be a better fit for your projects (as-complete rehab loans, etc).And just curious....how many random colleague requests and forum mentions do you get here with that name? 

However, I noticed that in good neighborhoods residents commute for work.

Great neighborhood, that’s where I live but not ideal for REI..Most apts are Coops the majority of boards won’t allow you to rent and if they do there will be restrictions..SFHs, Multis or Condos prices are very high, it will be difficult for positive cash flow every month..

Ideally what you need to do is study and research on your own to determine exactly what you feel is the best fit for yourself.

I generally like to see rents of $900 to $1,000 and above, but that can be market dependent.Visit the area and the provider you are considering - there is nothing like a face to face, seeing the neighborhoods, the quality of the rehabs, and the operations of the provider.Fully vet the property management - nothing is more important than the PM in the long term success of your rentals.There's more, but those are some keys to look out for.All best in your REI!

Maybe working with a buyer here could actually fit better ?

@Jay Hinrichs I get the point you make, I would have to find something that fits around my current full time job.

I have a duplex in a quiet neighborhood and have a prospective tenant who sounds very responsible, has good credit and income.  

The BP Money Show podcast has been an eye opener for me and helped shape how RE fits into a bigger life-goal mindset.