@Matthew Collins it sounds like this will be a personal residence and not an investment [non owner occupied]?

Are there any groups near us here in Collin county?

My understanding was after the 3 day pay or quit notice, the next step was filing for the eviction, but upon further investigation, I found that a 'Notice to Vacate' had to be delivered to tenant first.I had done the 3 day pay or quit, but not a Notice to Vacate.To be safe, since this is my first eviction, I hired an attorney to handle the process for me.Here's the process for Collin County in TX.http://www.co.collin.tx.us/justices_peace/jp3_2/eviction_filing_steps_3_2.pdfNotice it specifically states a 'pay rent or quit' or 'quit notice' is NOT a valid 'Notice to Vacate'This is for TX and you're in CA, but if you're unsure of the process, like I was, hiring an attorney may be the best solution.

Hi, I just listed my first home in Fort Collins for rent.  

I've spent my entire life in the DFW area, mostly in the Arlington/Fort Worth area but the last couple years have been in the northern part of the metroplex (Collin County area).

Hi @Collin Smith,That is great advice!

@John Collins @Kenneth Garrett @Gene BlakeneyThanks all for the advice.

I have to agree with @Collin H. that buying STR in an IRA is a not a good idea. 

@Andy Collins @J Scott @Walt Payne @Jerry W.

I realize it's a bit of a drive to Fort Collins, CO for you but I have found the Northern Colorado Real Estate Investors Group (NCREIG) are chock full of information.