@Allan C. is correct in using your high income to quickly get your seed money.Target appreciation: Look for properties in up-and-coming markets or those with potential for renovation to increase their value.

Correct - Track all your income and expenses.The bookkeeping will determine whether you are profitable or not.it will also be good to compare from year to year your income / expenses to see what expenses you can potentially try to limit.I.E.

Quote from @Reeti Peshawaria: Hi, I'm in the process of learning about short-term rental investments and analyzing potential markets, but I’ve hit a major roadblock: understanding local regulations.

The agent puts a lot of time into finding and showing you potential properties.

Nothing in the STR space is one size fits all, but the ideas can help others see the potential in their property. 

It checks all my boxes for potential.

So now I'm faced with the potential of loosing EVERYTHING job, house, car, wife...Finally I stopped focusing on what was wrong and focused on the solutions. 

Residential subdivisions, while potentially less complex, can be hit-or-miss depending on local housing trends and the cost of infrastructure development. 

After you purchase your first property, I would use some of your savings to do a BRRRR or a flip and potentially a rental as well.

If it's a long-term play, the potential savings on PMI with a conventional loan could be significant.Have you compared rates for both options?