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.

To me, though it would just sound like it’s a situation where it affects your price because your demand would be lower.

Interesting article from Redfin this morning…Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

I don’t see much more than another 5% drop in prices due to demand and lack of inventory.

Think about demand when China opens. 

You also have to understand this is still a peak market with a good chance that property values will decline 10% or more in the next 12 months and a lot of people jumped into the short-term rental market during the last two years, so this may reduce the demand and potential income.1.