You are excluding possibly the majority of available tenants to focus on the most difficult to manage and the ones who are most likely to leave your property heavily worn and damaged, all other things being equal.

Self employed and not self employed both have advantages and major disadvantages..

And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.

I completely agree with that and there is a way to phrase it when you are not trolling by saying, hey I own a CRM company and am honestly looking for feedback to make the product better (and then do not send DMs).

,While no investment is completely passive, proper real estate investing should be relatively boring.You asked about the process and major considerations.

It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc. 

We did major renovations and repairs on both units for about 40k total and were able to get rents up to $1250.

The majority is RE agents & associates desperate for business, predatory and awful.

Never should you be paying 2.5 points on an FHA product.

If you are still a majority or controlling partner you will get no pushback.