This is an important consideration in most LL decisions, LTR or STR.

This is VERY important. 

I know that the first step is very important because I have already read the book. 

I hear many of these are different however so I think doing homework on each is important.

Most importantly you can refine your phone technique at a low cost.

Adding a property per year for the next few years will set you up very nicely for the future.It’s also important to figure out what your goals are and then work backwards from there.

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on. 

It explains the importance of creating your core four.

You could roll it into a higher cash flow deal, but it would be really important to do a lot of homework before jumping in.

Missing from the kind of back and forth typical of this thread is the importance of not letting resentment build and understanding the transactions and relationships folks get into.