I am learning in the real estate business as well but in the Kentucky/Tennessee Market!

Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.  

I've brokered a number of 1031 transactions and can help with that as well. 

Make your FIRST move and do that well, then make the next move and the next move.

I am an investor friendly agent as well looking to start my journey in RE investing.

KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Many of the loans we see also are not well underwritten and properties are at 125%+LTV2.

Cosmo - I personally don't know Phoenix well, but if I had to do this in another city I would look at income levels, crime levels, and population growth (if you can) by zip code and/or area within a DMA as a starting point.

LOL.Here raises great point--here are some considerations1) Figuring out how to advertise on Zillow - mentor can help; take 20 to 30 well lit pics with no more than 1 thing on any surface!