Also, consider a portfolio loan to consolidate and free up capital.

If you are then this probably would not be too crazy to get it up and running with some work.

Lower Start-Up CostsTraditional real estate investing requires 20%-25% down, making it difficult for many to scale quickly.

- Weekday activities: What time do you wake up? 

I wouldn't get it tangled up with the operations/financials of the property.

They both were up in the Glendale area for 15-20 years or more, and were very involved with the local business community.

I won't go into all the details, but there always ends up being a significant problem in the documents I get or don't get, in negotiations, etc, and the trigger never gets pulled.For a variety reasons in addition to the above, including my wife's encouragement, I've decided to take a serious look at going the real estate route instead.

Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW. of course they do they live and breath on newbies..  

The renter part I need to follow up many times, but not bad.

If regulations feel shaky, you might want to rethink tying up capital in a high-end STR unless it can work as an MTR or LTR too.