I think it's my agent who has put a brake on this. 

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

When I started in my 20s and I was able to drink brake fluid and nails for breakfast, I was listening to 3 podcasts a day and analyzing deals from sunrise to sundown.

Rather that throw his stuff on the front lawn, the socially acceptable way of publicly announcing your relationship is over, out tenant went to the store and bought a bag of charcoal and some lighter fluid.  

STRs are so fluid with peak seasons for the attractions based on your location that it makes it a little tougher to guestimate what your numbers for the year could look like.

Too many people run them like they drive their cars: stomping on the gas, slamming on the brakes, then complaining about poor MPG.

You might be glad DH put on the brakes, at least until after you are getting a complete night's sleep.  

-The correct answer is, it depends on the Class of the property.BTW: there is no industry standard for Property & Tenant Classes, so the definitions are fluid depending on the location and investor opinion.We're in the Detroit market and if you'd like to know more about it, please PM us.

My point is the process of investing in real estate is not as fluid as it seems and for busy people it may even turn them off or they may just start splurging money and expect high cash flow and that won't happen.

@Caleb Brake   I've been working and investing in this market for about 25 years now.