So, if that is important to your next steps, it's certainly worth considering. 

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

It might be worth calling to see if it's a good fit for your investment goals.

You have to do the math to see if it's worth the effort.

I'm not sure I'd want to go past 10 STRs ever and I'm trying to decide if it's worth Co-Hosting or just save up for the next one.

I know I can get an insurance plan, but is it worth the headache?

You can ask piliminary questions to see if an applicant is worth your time too if you don't want applicants always filling out an application before a tour. 

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

I agree with your approach in aiming for better locations, seems that texas (dallas /FT worth) fits the bill.

I'm in Peter's course and maybe it is different for me but I get my 10k back after doing a deal(s) worth $500k which is easy to do really.. feeling close to getting that done in the next few months.