I have been lucky with my investments and methodically chosen and curated them.

If we had chosen the STR strategy, we would have to change strategies when we move out.

They have chosen to offer on 4 other properties.

And set up dynamic pricing and auto-emails through Airbnb (or VRBO or your chosen platform) to streamline things. 

An appraisal is the only thing you should ever pay for before you close the loan.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan with title company, typically chosen by the seller6) Begin work and make draws on any repair balance.

It's good that you've chosen to stand by your lease policy and enforce it.

While the markets I have chosen may not have as much rent growth or cap rate compression as other top growth markets, I believe the lack of competition makes up for that.Just as investing in the stock market, or bitcoin, or anything, you want to be ahead of the heard as best as possible.

Another way to look at it is; all those cranes and high-rises you see going up are being built by big hedge funds and REITs that have done extensive market research, paid hundreds of thousands of dollars on research to tell them what cities will return the biggest return on their investment, they've chosen Denver.

I've chosen Bham as my primary market for the beginning of my OoS REI journey.  

A well chosen syndication or accredited investor REIT, shouldn’t have that problem.