Though many investors bend the rules and possibly don't get caught, you have the financial situation to do it correctly.

But you also need to check on them for updates so you know how your property is doing financially.

It would be great if your rental could also work financially as a long-term rental if the STR market changes.  

i say that not to discourage you, but so that you have a realistic picture of what to expect.as @Travis Timmons alluded to, you need to be in a strong financial position to even think about starting to invest. 

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

We were in a financial position where we could keep our existing home, upgrade, and purchase another home.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Thank you for the financial breakdown!

My point above is how solid are your financial and management plans?  

There are many scammers out there, with histories (criminal and financial) that they are not proud of, trying to raise money.