If you don't own a primary residence I'd start there.

And after several years you start doing cash out refinances.....If you can refinance one property every 1-2 years and withdraw $200k of equity....that's not taxable. 

Once the work was complete, I refinanced to pay off the hard money loan and held the property as a long-term asset.This duplex also marked the start of my short-term rental journey—we ran our first Airbnb from one of the apartments before scaling to bigger projects.

Hello Frank, I think house hacking a small multifamily property that you buy with a low downpayment is one o the best and lowest risk strategies that you can get started with.

There is a ton of areas so I would start with where you are located at, within a 30 min drive

Your starting depreciable basis should have been the LOWER of what you paid or the FMV in 2010 when you converted it to a condo. 

I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.

I would suggest starting with what types of investments you would like to get into and goals.

Then you can start to figure out the best course of action.

I've been in real estate for the past 7 years, and I got my start like so many other investors through reading Rich Dad, Poor Dad.