I just appreciate the responses so far and hopefully the back and forth replies may be able to clarify and help investors who want to be more passive than active find investing opportunities that fit their personalities and their goals.

I had a few questions and would appreciate any advice in general.Strategy / Goal: BRRRR but no major rehab at first to lower the risk.

Since then, we've analyzed at least 75 deals across multiple markets, developed our buy box, and choose a strategy that aligns with our goals.

So I feel it's not a fit for everyone.

My first goal is to hit 5k per month in pure cash flow and second goal is to hit 10k per month in pure cash flow.

Few goals for the year.

@Shannon Leckinger what would be your goal with the STR that you want to buy? 

Talk to a CPA to see how it fits your plan. 

Thanks for more context, but it doesn't really answer what your goals are.

Can you do the lease renewal, but have lower rent for the first month and then increase it the second month (if that fits with 60 days' notice)?