- Know the property numbers: I would recommend AirDNA (paid version) + enemy method to factor income then back out all expenses properly- Know yourself: Why do you want an STR? 

Building your team/networking is crucial but it is important to know what type of method(s) you are interested in pursuing (flip, BRRRR, str/ltr, etc).

If so, by what method would I do so?

Then you want to take the cash from the stabler assets and roll that back into another high ROI method. 

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

Hi Justin.Nice to meet you here  We are also investor in the high desert, we have been doing the house hack method so far 3 sfh in Hesperia and apple valley.

Most successful investors are willing to share their methods.

Any issues you can see with that method or is it just a matter of preference in this case? 

Some are engaging with me to get more posts on their record or more inbox back pats from other fragilities, but it's a very strange method of getting seen.The more you show the reason in black and white, the less they recognize it.

A benefit of this method is that by grouping the activities, it allows you as the taxpayer to treat the activities as one when applying the 7 tests to determine material participation.