I also find it very odd to list your qualifications on financial literacy then follow it with very (in my opinion) poor real estate financial modeling. 

So far I have already read "Rich dad poor dad" and "The book on rental property investing" by Brandon Turner and I am now looking for my next book.

STR with PM is not generating significant higher return (this year 2 STRs are behind if they were LTRs but we had a poor off season).- Self managing STR can increase the return compared to LTR if you do a good job.  

Thank you for the fast reply.I am leaning towards it might be a bit risky to assume a refinance as an exit strategy if you are in a deal with a lot of equity tied up.Definitely Valdut, its always good to know all options and pick the option which allows for the best execution is speed, pricing, terms, and the right product for the given situation (rehab, acquisition, long term cashflow, construction, or interim, bridge, etc). 

If it goes poorly in RE, what would you do?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I think you might have to find one of the local builders vs the production ones. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

That is a bad thing and hurt the wallet and some people have lost homes due to this poor service.

Not necessarily land, as it is very costly to build there as all materials except for some concrete products have to be shipped in.