I currently live in WA state and invest out of state for buy and holds.

After talking with some folks, you will find someone out there will have a bunch of cash.

One STR is a very small proof of concept.

I've owned a bunch of condos, so I speak from experience.

@Serge Hounkponou Recommend you first figure out the property Class you want to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

No offense, but hire a PMC because:1) You hate the process of placing tenants.2) You didn't do a very good job of screening the current ones.Sometimes we have to get out of our own way to find success!

I suspect but dont know .. this has all the red flags of lenders to watch out for as in pump and dump due diligence schemes..

The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.

Repeat every year until you get tired of moving.

One asterisk to all of the above areas are townhomes and condos.