and demand....yet today was a first for me.

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

Your argument is based on outdated assumptions and ignores the reality of today’s labor market.

I would be very weary about buying another property in today’s market unless you are extremely experienced or have done an extreme amount of research.

JC - I just got the app today after coming across it in this discussion and noticed that (although it's not on the mobile app) the desktop website has a tab to upload a csv file to import entries.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

2-4 units cashflowing in today's environment is very tough, namely due to high prices and high interest rates. 

A STR is probably going to take more day to day time to manage than LTR--do you have the bandwidth to handle more demands? 

Another way to say is that what is the value of the property (today) compared to what is owed on the loan?

Odds are with 8 building on 1/4 acre, you could never develop that densely today in Wimberley.