Now you are saying you have no experience owning/operating an STR, that's another hit.  

Generally houses worth 200-300k rent in my experience close to 1750-2250 in AL if you can get section 8 assuming you have 3-5 bedrooms3.

All via Skill, Training, Experience and Expertise. 

@Rene Hosman You can read about H.S.A. investing in my new BP book - Self-Directed IRA Investing: A BiggerPockets Guide - www.BiggerPockets.com/SDIRA

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

You're reading a 10 chapter book and tryin to skip the first 4. 

Perhaps there is a relevant book or podcast that you could suggest to expand my knowledge in this area.Considering you're experience with creative finance deals, which you mentioned previously, I am keen to hear about your personal insights and experiences.

What are your experiences with "boring" real estate?

But I highly recommend reading "Who Not How".

@John Reagan Johnson hope you don't mind a PMC answering, but most of our clients hire us because:1) They live out of state and don't have time & expertise to remote manage2) They don't have the time to manage3) They don't feel they have the necessary expertise and/or don't want to risk learning as they go and making an expensive mistake.Go read Kiosaki's Cash Flow Quadrant book.