If you are already planning to buy out-of-state and use property management, you are leaving money on the table and may want to look into more passive strategies since you don't seem to want to do management and you will still need to manage the manager.2.

Bought this butterfly coffee table and had a second one made.  

By the way, she doesnt turn on the heat then turn it off: she has never turned it on. she uses a small table top electric heater when she's home.Your suggestion is my "option 1" which Im afraid will be too costly for both of us.

A foosball table, a "Log Cabin (or other trendy) theme", or 3-jet shower probably have a better place in an STR than an MTR.

I left a lot of money on the table because my CPA was not familiar with accelerated depreciation at the time.

Already helps a lot if you're bringing a deal to the table...

Maybe you  can try a joint partnership with an experienced Investor/flipper and get your feet wet , you would be bringing capital to the table so I am sure many people would like to do that with you:)

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

But you’ll want to do a little digging and maybe talk to a local lender who’s dealt with ground leases before, from what I’ve heard.On the tax front, if you have the benefits and burdens of ownership for the structures, depreciation might still be on the table.

With completing a 1031 exchange into a more expensive property, their depreciation table would reset as well, providing an even greater benefit.