It’s not flashy, but it’s clean, seats enough to self mange (for the REPS tax benefits), and lets you live well without headaches $3k at $400k is hard, but possible.

LTR will also be easier to mange.

A BRRRR also requires learning about what it takes to mange a property. 

Here are a few larger appts I found with a quick search in solid locations:https://www.loopnet.com/Listing/909-E-Willow-Grove-Ave-Wyndm...https://www.loopnet.com/Listing/501-Washington-Ln-Jenkintown...https://www.loopnet.com/Listing/305-S-Warminster-Rd-Hatboro-...Try to stay away from really old buildings with converted appt units, UNLESS it was fully gutted within the past 20 years or so, otherwise that full gut rehab falls on you, and with tenants in place and constant maintenance issues, it will be very time consuming and costly to mange. 

At the same time, there's no better ROI than hitting on an FHA property where you put down 3.5% that appreciates significantly.Also, despite what you may read on these forums or see elsewhere there is absolutely no reason to create an LLC to mange the property, collect rent or do any other function related to the property you acquire in your name using an FHA loan.

Let me ask you a question - How are you planning to mange all of your rental property finances (vendor payments, taxes, insurance, mortgage, reconciling rent payments, understand how much money you're actually making, have clean financials for tax time, etc.)?

I was thinking about that as well until I came across doing a trust instead, so next time I'm just going to setup a trust and take that route and have someone else mange the trust while using my llc to protect other assest 

The people giving advice to micro mange someone or hire an assistant are also valuing their labor and time at $0.

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

After much thought, I decided to become a GC and mange all aspects of my investment rehabs myself.