My expertise is more on the single-family side, but if that's of interest to you, you may want to check out Cape Coral.

I thought that this would be a good opportunity to do renovations and also consider other rental models, such as furnished rental through Airbnb/travel nurses.

But other than a specific business model like that it seems risky.

Thanks you for your expertise 

If you want to build slower, the house hacking model is a great way to do it and to even start out. 

Do a search and find them.Here is advice I have given numerous times:If you want to go about your real estate business using some arbitrary price per Sf for rehab calculations, be my guest, but good luck being accurate that way.Let’s say you have two identical homes on the same street, both 3 beds, 2 baths and 1500 sf single story, model matches.

Very dumb model for long term outlook.

Their business model is scraping the internet for every furniture vendor and charging whatever markup they can get away with.

But never substitute relationship or proximity for experience and expertise.

Call the police, give them the make, model, vin, and where it is parked.