Networking can provide valuable insights and opportunities.7) Get Pre-Approved for Financing: If you plan to buy property, secure financing by getting pre-approved for a mortgage or exploring other funding options.8) Start Small: Consider beginning with a smaller property or investment, such as a single-family home or a small multi-family unit, to minimize risk.9) Conduct Due Diligence: When you find a property of interest, perform thorough inspections, research the title, and assess potential for appreciation and cash flow.10) Take Action: Once you're ready, make an offer and start your real estate journey.

I have a large STR property that can accommodate 19 people, that has a hot tub.

We are actively investing in the Champaign market, selling an inheritance property in Central Florida and trying to figure out what to do with our long term lease in Phoenix, AZ that is currently costing us a few $100 vs. cash flowing :) Excited to meet others, would love to know of any in person meet ups in southern/central Illinois. happy to be here!

I can no longer contribute to a ROTH IRA and am looking for ways to accumulate more liquidity long-term to continue purchasing rental properties.

All of them claim you have 20 years experience as a REALTOR, investor, and property manager. 

Quote from @Matt Durik: Start the eviction for non-payment.If I'm not mistaken, only the landlord, property manager, or attorney can file for eviction.

Are you currently flipping other properties?  

Do you have desired cashflow % for the STR and are you going to outsource property management or self manage?

My sister and I co-own a rental property, with each of us holding a 50-50 share.

While you can’t use real estate losses to offset your W-2 income, you can use losses from one rental property to offset the income from another.