Hey @Eric Andersen, so there are a lot of regs in the DFW area.https://www.fortworthtexas.gov/short-term-rentalsRentals are not allowed in residential districts: A-#, AR, B, R1, R2, CR, C, D, UR.Dallas recently banned STRs in single family homes but there was an injunction that blocked it.

I'm trying to gain as much knowledge as I can before I take any action.

It’s one thing to learn, but turning knowledge into action—mistakes and all—is what separates those who dream from those who achieve.Let’s keep building and growing!

I believe starting with something smaller will help me build the knowledge I need before considering larger deals down the road.

I think I'll start out where I live and probably branch out outnof state once I build my knowledge and experience. 

I feel like I have a strong grasp of the general knowledge needed for a first property, but I’d love to hear something different.

If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.

Soak up as much knowledge as possible (i.e., asking questions, reading through the documents, etc.) and continue educating yourself via books and podcasts so that you can leverage that expertise to do your own deals in the future.

So for example, let's say a friend of mine wants to get involved in real estate but doesn't have the time, knowledge, experience, or resources to do it very well.

They sound very knowledgeable and I am interested in jumping into the customized course they offer.