Supposedly, they connect sellers with brokers and homebuyers in each market.

@Tamika Davis One of the biggest advantages of most software on the market is to complete these tasks you mention (maintenance, leases, rent collection, etc). 

If you are willing to do this over a long period of time, this can be a great strategy, especially in a low-inventory market.

Congratulations on jumping into the STR market. 

Study the market.

The 1031 exchange rule to defer your tax is two part 1) reinvest all your proceeds and 2) purchase a property (or properties / DSTs/TICs) with an equal or greater market value.  

My primary focus is on properties in Miami and the surrounding areas, including Homestead, as I’m familiar with the market here.

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

Every Market (Detroit) has a series of Micro-markets (neighborhoods) of which they are all different in cost, value, cash flow, rents, etc... 

Challenges and Opportunities Unique to IndianapolisSeasonality: Tenant interest tends to slow in winter, so try to avoid vacancies during those months.Diverse Neighborhoods: Indianapolis has varied sub-markets.