Understand the tax implications and advantages of each one.  2) Location & Laws. 

Quote from @Steve Vassallo: Looking to replace my work income with rental income The only other ways to do that is to start flipping, doing wholesale deals, or taking advantage of airbnb arbitrage.

Also contractors taking advantage of me time to time because I do not have construction type of back ground and end up paying 1000$ for 100$ repairs time to time.Please advise

The advantage is lower entry prices compared to coastal markets, so you can get more units or better deals with the same capital.

If you want to take advantage of the Short-Term Rental Loophole for 2025, then the property must be placed into service in 2025 — meaning it’s available for rent and you actually have paying guests.

Cash flow (the real numbers)Most rent-by-room investors I know (myself included) see 2–3x the cash flow of renting the house as a single unit when the property is set up correctly.Example:$1,800/month as a standard rental$3,000–$3,600/month renting by room (4–5 rooms)But it only works if:Bedrooms are good sizeCommon areas are functionalLayout supports privacyYou’re 21 with time to manage it, that’s an advantage.

Hello,Was curious if anyone in the Richmond Virginia area has reliable / affordable (not going to take advantage of me) plumbers. 

Building your network early will give you a lot of advantages through your first house hack and beyond. 

When you combine that with appreciation, principal pay-down, and long-term tax advantages, the total return is usually much higher than it looks.

While these syndications often provide for advantageous deal structures for the GP's the capital raising process is lengthier given the greater number of syndication participants.