I'm still learning, but I'm glad I started investing in more real estate.

Their a/c starting leaking and has missing ductwork, and is blowing air in random places.

I am not even stating your deceptive post was intentional but with you not owning up to the expenses that were not included, I am starting to question if for some reason you intentionally posted numbers that did not depict all expenses.I want people to post corrections to such erroneous posts with so that newbies do not see similar numbers and think that the referenced property is good cash flow.  

Quote from @Kim Scheid: @Travis Biziorek and @Sean O'Keefe, we are looking to start with our first out of state rental and would love to know more about self management.

For real estate just start analyzing as many deals as you can so you get more comfortable and confident.

At the end of the project I started asking different questions to my realtor, who I still use.

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

Quote from @Greg Weik: Quote from @James Hamling: Yeah @Drew Sygit, I am pretty sure we started the "flat fee" thing. 

If you have a lot of family in OK, that can be a great place to start assessing since you have dedicated boots on the ground, as well as a reason to visit.Don't overthink the analyzing of markets when you are still figuring things out.

@Ketch Bays I started with the exact same amount of money.