I’ve flipped in the dc area for years, right now there is just money & in the vast majority of cases there is high likelihood of losing money, right now the best investments in the area imo are buy & hold, I’ve even gone full circle and while I really liked value add for most of the last decade I think in a lot of ways new construction especially in more affordable markets (I’m personally a big fan of the eastern shore market) is a much better way to make money long term than flipping and brrring while I know they are sexy & certainly you getting a huge paycheck is great, there just isn’t any money in it right now, especially in nova. 

They keep track of my inventory and go and buy supplies when needed.When you select an offer from a cleaner on Turno you get to see the host rating and the Airbnb guest rating for cleanliness, so that helps you make a choice.

The problem is that I live in California (which is cost prohibitive for me currently to "buy local") and must rely on remote management that is local to the investment area. 

Start with BiggerPockets Ultimate Beginners Guide (free).

ya that's basically mission impossible under the scenario you outlined.There is a lady I know from Oregon and this was her and her moms experince.They bought a duplex  ran that for a few years sold and bought a 4 plex ran that for some years then they were able to buy a 8 unit  then next step was a 20 unit. 

For example if you are buying a value-add property at a 4 cap, but the market stabilized cap is a 5, and you are holding for 5 years, you would expand the cap rate to a 5.5 exit cap.

@Kesha HamiltonHey Kesha,I would also not buy land until you have done all needed DD and have an exit that will work.

Investment Info:Single-family residence buy & hold investment.

Your realtor should be guiding you through this process and clearly they are not informing (or they are not aware) of what the risks are with trying to have an airbnb in a non-conforming/illegal unit.

If you are buying as a primary be prepared to write an "LOE" Letter of explanation on why your moving out of an SFH into a MF 2-4 unit.