This asset has clear intrinsic value/value-add potential that is hard to acquire in multifamily these days.

@Shrikant Kakani- thanks ...if you  dont need to use financing - disreagrd the following tip ..if you will need to use a loan to acquire your 1st investment property - I would recommend getting the formal loan pre approval step completed ..this is free  and it will help answer many questions you have  and  help get you organized and  prepared .

That said, I don't think I could've acquired 2 smaller properties for the price of my 5 bedroom that also outperformed it. 

The reason I am interested in this is because I don't have a ton of cash to put down but I want to acquire more properties even if it means paying a little bit of a higher rate and/or price. 

How do people who acquire and manage STR's track the time for their Active Material Participation activities? 

If you are ok living with roommates another option is house hacking where you buy a property as a primary and rent out the rest of the property then move out after 12 months to acquire your next one.

JD actively invests in the Poconos region, most recently acquiring a $5M BRRR project.

As of now, many potential sites were either identified by broker/developer or too expensive to acquire.

(But A class usually doesn’t cash flow because you compete with owner occupants to acquire).

Not generating cashflow, but have reduced my living expenses and acquired an asset.So if I revisit my goals, within the next 5 years, I'd love to: (1) be in a consistent cashflow positive scenario with my STR; (2) move out of my house hack and rent both units; (3) purchase another duplex/SFH+ADU and house hack again.