Familiarize yourself with any licensing requirements, building codes, and zoning regulations that may apply to your investment plans.

They then leased them back from me, at 7% rental fee from their "secured investment fund" (their subsidiary Guardian Fund.)After 8 months, they defaulted on the lease by cancelling payments without required notice.I tried multiple times to contact them for more information, access to my houses, etc., which were ignored.I then investigated the houses with external photos taken by a Real Estate agent in Cleveland which showed two of the three houses were unoccupied and in poor condition.

However you are required to live in one of the units, which does not sound ideal for you.

I do like that new homes won't have major maintenance required for a long time.

I'm sure the soft skills you developed as a PM can be transferrable, but it will require a lot of learning at the start.I recently started as a loan officer in a mortgage broker, and there's 2 things I love:1.

However, for a smooth ownership transition and potential removal options, it requires careful planning.

Sewer Cam, Code required water pressure,Heating and cooling issues within units--per renter statements. 

For example I know my realtor told me one reason he has never gotten into investing is because his brokerage requires their agents to always make a minimum of a full price offer for any property that is listed on the MLS even if it has sat there and not sold for over 3 years.

STRs are an active business which requires more time & effort but greater returns are possible especially with self management.

I have a few questions though as I have actually been working on a project that requires me to get data on as many flips as possible.