Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

To have a successful STR I HIGHLY recommend listening to this episode of a podcast: https://podcasts.apple.com/us/podcast/on-the-market/id161508...Once you listen to this, and any highly involved STR operator will agree, you will find a lot of the fundamentals are lacking in Kissimmee or you have to have deep pockets to hit those.I won't spoil the episode, but if you listen to it (and anyone out there that does) feel free to DM me afterward and I'd be happy to talk details tailored to your situation on if you're on the right path or maybe I can help.

I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved.

For getting involved in REI this is a great place to start.  

We are both 28 years old with zero experience prior to getting involved, she works for the business now and I work Blue Collar in the trades. 

House hacking is a great way to started, but there are many other investment opportunities to get involved in.

Back then, the market was more stable, interest rates were below 4.5%, and distressed properties sold at significant discounts.Today, distressed properties often sell at a premium, and cash-out refinance rates are above 8%.The best BRRRR deal I can find today involves buying a property with cash, investing in the rehab with cash, pulling out 75% of the ARV and breaking even on rent and mortgage.

And lastly, market risks and mismanaged funds can also create major headaches, especially for those involved in lending groups.

Hello Kenyatta, I'm also new to New Orleans and actively getting involved in REI.

My wife also made it clear that if we were going to expand beyond what we already own, she didn’t want to be involved in managing them.