Hi Brandon,Personally I think it all depends on what kind of "avatar" you are.If you have high risk tolerance and have time to spend, active strategies like flips and BRRRRs will yield better returns and more opportunities. 

Depending on when the STR was placed-into-service, depreciation will be prorated based on the amount of months remaining the tax year. 

The market has changed and depending on the area, houses are sitting longer. 

At the current price, adding the additional lots would make them about $30,000 per lot, depending on the price of the additional utilities that need to be added. 

If you are thinking out of state, it really depends.

Here is a link to the Las Vegas short-term rental page: https://tinyurl.com/2fcsjj32Whether you can offer a short-term rental out of a condo or apartment depends on the individual property.

It just depends on your expectations for what looks like a win.

Depending on market, I would plan to invest 100k in a single family home, find a good property manager, realtor, attorney in compelling market and just start. 

It really is dependent on personal opinions.I have seen a lot of our clients use Stessa.

Whether you are getting a continuous stream of income depends on the deal.