If I achieve my goal of purchasing 3 units by the end of next year and they do not count the short term income but still count my debt I will be unable to qualify for a mortgage.I want to make sure I have all my ducks in a row before I go into full flight with the investments.Thanks everyone.David Yes, they will count the income that you report to your schedule E. 

First find your market: In STR there’s three choices, cities (business trips), 2-hrs from metros (weekend getaways), and vacation spots (flights).

Will this result in a flight to single-family or will it just increase demand for 3-bedroom apartments? 

For example right now I’m checking the neighborhood around Five Palms Dr and Sweet Maiden St. in the 78242 zip code of San Antonio, and it doesn’t show any units for rent.

Also very easy to evict tennants quickly cheaply, no natural disasters, cheap flights, low maintenance newer houses.No state income tax probably won’t effect you much if your only in AZ state income is rental properties and you deduct the depreciation you’ll probably have a loss. 

I have comfort in the fact that if there's a issue that needs to be addressed quickly it's only a short flight or a 6 hour drive.

Many of my colleagues moved to Huntington Beach or South Orange County in what many called white flight back then. 

I start by taking a flight to the new market, living in Airbnb's near the areas I wish to invest in, to get a feel of the area.

I am a Flight Test Engineer in Seattle Washington.

It's the fight or flight mindset, risk-adversion.