I would say air on the side of caution.  

@Ademisola LeemanWelcome to the community and be ready for a huge amount of information at your finger tips.

Any tips or tricks for staying organized and tracking leads effectively?

Any tips on how can i find a bigger group to rent to on monthly basis ?  

I like that tip of calling property management companies in different cities to learn the market- something I will do if I choose to invest out of state.

Welcome to the community and be ready for a huge amount of information at your finger tips.

This is our first time working with a property manager so any tips would be greatly appreciated on how to proceed moving forward.. thank you!

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

We provide high-quality photos and a virtual tour with room measurements.

Throw in some extra costs like moving expenses, professional photos (a cost the STR PM may also need to pay depending on the quality of the existing photos), renter's and lessor's insurance and a listing on furnishedfinder to round out some of the start-up costs.