To be able to making the type of money you are, I will take the chance and say that you have the altitude to absorb the nuances of REI quickly.

@Dan Rivera  Your analysis does not account for the challenges the lower tier real estate (Cobbs  Creek as an example) has absorbing expenses and cap ex.

I think also, depending on how hot it is there it could be a + or - as I believe it absorbs heat as well.

Everything being said I am absorbing, factoring into my decision and asking my sponsor questions.

I'm looking to absorb as much as I can from y'all in hopes to get my family to financial freedom.

Do you have the financial capacity to absorb payments while you get the STR optimized?

The new property is the tax shelter that can take some of the burden off of your carry over year to absorb some deductions.

@Ted Akers  yes for instance this would not work well in WA with the excise tax of 1.78% or there about on title transfers.this was a low end deal in GA so it was a normal wholesaler approach I think the guy made 10k on the deal we made a few bucks and they absorbed the one closing costs and transfer tax which was probably nominal I would have to look at the hud.I can see this working in states were double escrows are not allowed any more... or if a wholesaler wanted to put to bed the thought that they are selling re without a license.. you know the wild wild west out there in that industry were basically anything goes   until it does not  LOL.I am NMLS mortgage banker sitting in the bullpen.. my license is on ICE but I do the CE.. just don't want to have to take the test again incase I want to jump back into doing HML.. so for right now taking title is a clear path.. no securities issues no licensing issues.. etc etc.. and 100% control. the only way I will do this these days.. but then again my clients are well known to me for more than a decade most of them and they are high volume flippers etc... so we have a lot going on...

As you start, remember that every expert was once a beginner, so take your time to absorb as much knowledge as you can.

Longer-Term goal- Absorb appreciation, pay off note, reinvest to maintain Top1%, and use cash flow to grow wealth.