I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.Self managing STR properties, from afar, while maintaining other employment, is only a possibility because of the new technology made available in the last 10 - 15 years.  

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

This seems unlikely in the long run. you are forgetting that someone is paying down your principal for you so you need to take that into consideration. 

One week into 2025 and the US housing market is facing considerable new challenges. 

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

The state's economic dynamism, natural beauty, cultural attractions, and educational institutions continue to draw people and investment.

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

My draw down period is ten years of interest only payments then twenty years principal plus interest after that. 

I get rehab draws from the hard money lender to reimburse for the repairs.5.