Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

THANKS Your local credit union might be your best bet.

After debating local vs. or OOS, it seems like prudent advice to try to start locally with long term MF in so cal. 

I was able to join the local Facebook pages for investors that are local to my area. 

Initially I’m wanting to start in the local Chattanooga/North Georgia area

—it’s also about reliability, attention to detail, and someone who just “gets” your space and your guests’ expectations.Do you have any hidden gems, local recommendations, or tips to share?

Many property managers charge the first month's rent when placing a new tenant.Also, keep in mind that your property taxes that you can look up on the local property appraiser's website (usually), are the current property taxes where the current owner is often grandfathered in.  

Compliance with Local LawsIn some jurisdictions, laws governing security deposits are becoming stricter, with limitations on the amount landlords can charge or requirements for returning deposits quickly.

I am looking to connect with local (to myself) investors who have made the leap out of state. 

You need a local/state specific lease.2.