Quote from @Brandon Leffler: Im in a similar situation ,but I need more cash flow before I make the jump.

Did you have to jump through so many hoops and provide this level of personal information?

I see landlords lose thousands, even tens of thousands, making rookie mistakes that they could have avoided with a little education up front.Once the first property is under contract, start again for the second.

Also factor in if the rents jumped a lot and if that would lead to a vacancy, which will cost you more in the short term. 

If you have that, why not jump in and make something happen.  

Hi Jorge,It’s exciting that you’re considering a jump into 20+ units!

Congratulations on jumping into the STR market. 

Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

My second house was under contract before it was even listed, but the combination of my GC disappearing and having to restart the permitting process for the carport in March right at the start of Corona lock downs dragged that out and eventually feel out of contract.

I never got the consultation, but was politely told my portfolio is probably too small to pay their annual fees (starts at $2500 and goes up).