You really want to surround yourself with experts on every aspect of STR investing from insurance to financing, REI analysis, tax strategy, growth and marketing plans, etc... people who are good at this have teams of specialists guiding them.  

But after further research I could do the same arbitrage lol, so cash-flow is not really problem for me right now.I think one good aspect of real estate is that because it's always in short-supply,so even the low-educated homeowner is almost always win and we don't need to be very advanced in financial/engineering like in equity investment. 

I will look further into these aspects to make sure we choose the right target market for us!

Tools that automate these aspects can help ensure your property remains competitive and that guests receive timely and personalized responses.2.

Yes, there are limited neighborhoods where it is walkable but I would not be selling that aspect.  

From a tax efficiency aspect, a lien on investment real estate equity is by far superior to 401(k) or an IRA.Paul

Additionally, if there's a particular aspect of real estate you're eager to explore or learn more about, let me know, and I'll do my best to provide valuable insights.

I highly recommend managing them yourself, at least the bill paying, tenant screening, rent collecting aspects, and finding reliable plumbers and heating/cooling people- these are the services you'll use the most. 

The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

I am into all oportunities of this aspect.