I manage hundreds of rentals and have had thousands of tenants, but I've never been sued once.

I manage almost 400 apartments in Cook County at this point.

However, this allowed me to gain initial experience and confidence without being overwhelmed by managing multiple platforms simultaneously.

Plus, there are upfront costs to consider, like furnishing your condo and any expenses tied to managing it as a rental.As for refinancing, it might not be the right time with interest rates where they are.

For real estate investors, that means lower operational costs for managing properties and cheaper construction expenses.

However if you are self managing, that is work. 

A major part of the success or failure of an STR investment is the design, furnishing and management plan.

Assuming that continues and you manage your properties competently people will think you are way smarter than you are in 10 years. 

Are you currently self-managing or do you have a management company?

Long term rentals are easier to manage and come with less risk.