For doing an STR well the larger properties are best and it needs to stand out amongst competition to perform well. 

So, it will still be dependent on you to make MANY decisions that bring the project to a successful conclusion.

Your chance of success is much higher that way.

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

I know some folks that are successful with STR's in Tulsa.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

Some use very specific goal setting metrics, some use more general goals, there is no right answer for every person, but I am willing to bet that those that set some goals will be more successful in the upcoming year than those that do not. 

Number makes sense on paper but let's see how we perform at the beginning of next year. 

I've successfully completed a few house hacks in California, and am looking into branching out to the Midwest with small to mid multi-family to scale a bit faster.

@Scott Shumardi can't answer your question, but here is my recommendation.  1. start going to meetups and find out which HMLs the successful investors work with.