Considering the goal of pm is to limit variable expenses as much as possible it would make sense an experienced local pm could have a good grasp on variable expenses based on managing enough in a variety of assets thus why you want there opinion.  

Proof of this ignorance is the roar of people saying stockpile cash.... they just don't grasp how that cash is becoming more and more worthless day by day, leverage and assets is the answer but they are talking about awaiting some mirage of a 50% price reduction coming, again showing their ignorance of what an inflationary cycle does. 

I am trying to get a grasp on all of the legal requirements.

After reading Rich Dad Poor Dad, I got a good grasp on the difference between good debt and bad debt.

I’m having trouble grasping the concept of BRRRR and why the numbers are ought to be ran a specific way.

I want to thank everyone here for the learning I have been able to grasp from reading the forums and putting together a solid template to running a STR business. 

Often, investors shy away from buying real estate that's located in neglected areas, also known as class C or D assets, even if those properties are right in the downtown core.But shying away from these properties is a big mistake, especially for seasoned investors who may already have a good enough grasp on how to actively manage such properties.

Do you think I should focus on homes in my are until I a good a grasp on investing or should I broaden my search?

But if you're working with silent partners in a syndication, then the cashflows will be further divided between what you get for your work and what the investors get.It took me a while to grasp the IRR calculation. 

All in all, I am overwhelmed with the process even though I feel like I have a grasp on it from what I have read and learned.