You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I find single ADUs are mostly being added by people with minimal RE investment experience often without a clue as to the value that will be added by the adu addition.  

So, it's still NOT a good idea to try to invest by zip codes - which are too big in our opinion/experience.

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

On the other hand, I’m hesitant to simply pay down more of a property, as we don’t need the immediate cash flow.Fortunately, both my wife’s job and mine are recession-proof, which allows us to be a bit more aggressive with our investments.I’d really appreciate advice from investors who have experience with frequent moves or military service.

I wouldn't want to cancel anyone last-minute, but I definitely want to get in there with in a month of closing and experience it from the guest perspective. 

However, from a real world day to day experience it's a totally different animal.

A few things to consider when shopping for an STR on the Oregon Coast:- Geographic Restrictions: These are small, remote towns.

I have it narrowed down to two agents, one has more general experience in the area and are part of a large organization.  

You'll most likely still need a coborrower at first, but may be able to refi them out of the deal in a year or two once you have qualifying experience and operating history - then you can likely use all of the rental income towards your gross income.