If you can leverage the cash flow from your rentals to cover costs and reinvest, it might allow you to scale more quickly.

It would be wise to have at least three months of rent saved up at all times to cover the unexpected.

There seems to be a glut of STRs in every major market, yet there are RE agents out there telling people that there is demand.There may be demand, but if the owner cannot book their place to cover the costs, how can RE agents be out there telling people that it's a good investment? 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

For instance, your rent may be $1000 per month and section 8 may only cover a portion of the rent, let's say $800.  

Some section8 vouchers only cover 50% of the rent, while others include 100% + utilities!

So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.

No, the topic has been covered ad nauseum.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I actually have a creative financing course that covers all the options from seller finance to sub2 to DSCR to rentals so if you have any further questions let me know as I have a student that bought rentals in your area due to student demand from the college.