I'm contemplating this decision because I'm not sure if it would be desirable for tenants to have an extra room instead just a loft area.

You will quickly learn the ropes, earn a good paycheck, and determine whether this is a career path you want to pursue.

Most are in less desirable neighborhoods / are less updated, but some are on par if not better.

Norfolk is pretty loose on regulations, but fewer areas are desirable, and Virginia Beach has very specific locations that can be STR (Sandbridge and The Resort District).

A house advertised in March may be worth $2,000/month but only be worth $1,200/month in July.I understand your desire to not have any interaction.

But, I would still look into STR management or seeing if MTR can fit your desired lifestyle.

Your strategy with an FHA house hack is to live there for a year and then cash out refi into a conventional with the appreciation and do it again with an FHA on a new one.Keep saving and earning and meet real-life investors.

Next year people will have reviews to read to help them decide if they trust you with their hard-earned money.

I added value to the deal by completing mid-level renovations that enhanced the property’s functionality and appeal, making it a desirable rental option in the area.

If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.