In a strong market with high demand for rentals, it may be easier to find a turnkey SFH to rent out the extra rooms and generate positive cash flow.

Sellers aren’t able to demand a price anymore.

-thorough analysis of local economy, employment trends (and employment forecasts), availability of tenants and demand for rental properties versus supply of those types of properties.

Here in NYC and LI, although demand has dampened, so has inventory.

There's going to be more demand.

My client demand is for long-term including section 8 and short-term rentals. 

Property Management of long term rentals takes very little time and someone with an extremely demanding w2 can still easily handle managing several units.If you are in tune with your market, you can likely get better/higher rents on your units than property managers would.

I would love to move out to start building wealth and gaining experience in the space, but I don't know the demand/opportunity for multi-family house hacking in my local area.How would I analyze my local real estate market to determine if my target strategy will work for me?

Being next to a military base rent is in high demand.

If you are close to McDonalds Observatory, or Marfa or Fort Stockton then there could be demand there.