There is, however, if properly managed, a distinction between building reserves and funding depreciation.Oh, and when you sell the property, unused reserves become ordinary income, and you pay the hit. 

That In my opinion is the best thing for $40K of investment. 3) REIT can come in many flavors and I would be very careful about them considering huge commercial big box stores are taking it on the nose right now and many REITs are heavily vested in that type of asset.

People who don't live down here couple these together but there is a lot of history and they have distinct names, so it's good to know the differences when investing down here. 

For anyone whose interested, here's a link to a recent paper that compares one flavor of AOL to traditional title insurance, prepared for the MBA. 

@Nicole LockwoodNo real distinction between buying an STR property and just ... buying a property in general.

BTW Jim Jones used flavor aid not kool aid.

I've done a handful of projects for others as well, mainly new construction MFH but have done plenty of SFH of all flavors.

😱A Closer Look: Nashville MarketIt wouldn’t be my opinion without a little flavor from Nashville in the mix from time to time…Below is a quick snapshot of the economy in the Nashville area for October.TANGENT!

Are they normal people or is everyone drinking some Pace flavored kool-aid?

They are very  different and it’s an important distinction to understand.