New to STRs. Looking for Advice

[Jordan Brooks]

I am completely new to real-estate, but have been thinking about doing short-term rentals through Airbnb for quite some time now. I've done quite a bit of research/market research and have a decent amount of capital saved up at this point so Im ready to try my hand at it now. My target market is in the Orange County area around Huntington Beach.

Ive done a lot of research already, but just looking for some advice or info directly from someone with hands-on experience in the field. Any suggestions or recommendations would be greatly appreciated.

One question I do have is: how much cash is a good amount to have starting out w/ 1 property and planning to expand to 3 by the end of 2021? Btw I am looking to rent these properties w/ an arbitrage agreement w/ the landlord or through apartment complexes. I dont own any properties of my own... Yet.