Strong job growth, a rising population, and a mix of industries usually point to steady demand for rentals.

Financing for your first project may be more challenging.Expect Delays and Budget Accordingly: Delays can arise from various factors including weather, supply chain issues, and labor shortages.

@William WhiteTo add to Chris's comments (maybe everyone from RTR can like my post too so it bumps up to "most popular"), $35k unfortunately won't get you very far in commercial, which I would include data centers as, too.  

I'm an LP in a Rise deal that has a capital call.

Long before you NEW investors with computers and the WHOLESALING of homes became popular.

You'd be best served by working with your lender to set up a refi file so that it's ready to go if an opportunity arises.

I've owned and managed my own rentals for a little over 13 years now and dishwasher troubles pop up from time to time but in my experience, the most frequent issues arise from garbage disposals and tenants being too rough on them.

Personally, I'm not a fan of the SRO strategy that seems to be getting popular lately.

I have not shopped for a PMS for several years so I cannot really recommend one but Guesty and Hostaway are popular choices. 

You could also rent by the room or house-hack at the same time which is very popular right now do to high housing costs.