At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

@Devin Peterson Largo allows for STRs but Clearwater does not; there are a few exceptions along the boundary line like my current home.

Same facts, except that John only has 3 days of personal use in the year. 

Having someone go through the property every six months is vital to avoid deferred maintenance and to ensure that the tenants are following the rules set forth in the lease.

They never mention that, except in the small print. the small print is like this: "We like to be transparent.

For MTR, I'd go 2 BR...nurses like to travel together.For VRBO or ABnB, either way could work....most vacationers don't stay in their rental anyway except to sleep.I've done both, had a small house with 2 BRs and never had a complaint.

All the gurus & mentors tell you that you can do real estate with no money or credit, except, of course, for the money you have to pay them to learn plenty you could easily find for free online or just thru the School of Hard Knocks. 

I have a second that is vacant except when I am there for 4 months of the year (could be a great STR). 

Number of bedrooms is not as important as sleeping capacity There is no exception to Rule #1 If necessary, you can make exceptions to rules 2 through 4. 

One of my favorite programs can finance property values down to $75,000 - however, I've had exceptions granted for clients with lower values as long as the loan amount stays above $50,000.