While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.

There is virtually no reason to keep “cash” on hand for repairs. 

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

You will probably run into some issues and need to budget for that.You budgeted 5k for unforeseen expenses on a 4000sft home.

Look at all of the losses you can count against your rental income.Now look at line 18.Line 18 is usually:(Value of your property) - (Land value) / 27.5 years.

Maybe something along the lines of your insurance company requires the heat to be set at certain temperatures or they won't cover a damage claim etc.This way you are telling her there is nothing you can do it about it.

I am changing the locks over on all of my units at each turnover.

It's great that you're focused on saving and educating yourself before diving into real estate.

It's almost like they tack on a few hundred dollars to the order and forget to charge sales tax