@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

The only way to know if your idea is worth doing from a wealth building standpoint is to do the math:  What is the cost to acquire?

You are about to take over someone else's problems. 

@Bryce Nurding Rates are close to a 2 year low.

When I got into the STR space in 2015, I needed my daughter to be available on a full ti e basis as PM.  

You'd want to work with the REIT sponsor and your CPA to understand the expected timeline for this a bit more.  

YES, I do provide a bonus / penalty structure to my contractors.

I work 11-12 hour shifts, five days a week, in a demanding role, leaving me with little free time.

Would be happy to help.

You’ll sign a piece of paper at closing saying you plan to live there ], usually within 30-60 days.