People who "Just accept buying it for a song and assume the risks".

For those who are eager enough, and willing to forgo traditional customs in favor of a virtual approach, there are deals to be had.

A lot depends on your marketing strategy for going to the capital market as well. 

First off, thanks for going through the super long read.

Sounds to me like you're into something good (like the old Herman's Hermits song). 

This process forgoes current cash flow until you stop making new purchases, the mortgages will payoff quickly and have great cash flow in the future.With a cash flow mind set, I would 1031 exchange this into the largest multi family property deal that makes sense. 

There is a song or a band called Reach Around. 

Cost savings may not be the primary driver for going with someone remote.

So I've been doing tons of reading on this forum, listening to podcasts, reading articles, and running sample numbers on random homes for practice to get ready for my first STR.But the more I read into it, the more old-fashioned advice there is for going with an LTR.Am I making a mistake for investing in an STR as my first home? 

Originally posted by @David Song:@Ramon VargasI am waiting until end of this year, to see how is the market going.Timing the market is critical for success.