Our Realtor would frequently reference properties we were interested in as being "in the hood."

While this leads to operational headaches, the bigger factor is the next one.Your lower quality tenants, typically, create heavier wear and tear and turn over more frequently.  

However, houses are frequently, almost routinely, removed from the sale process when the borrower makes a catch up payment or two or when the bank perceives some risk to a sale meaning that the property may leave a deficiency.

Over the past year, I've had to make frequent calls and send numerous emails—sometimes daily to MNPMC's office and the managing partner to receive timely owner disbursements.

If you fly over and visit your properties frequently, that's great. 

@Brynn KurtzI would do additional research and learn how many people today are buying housing with none of their own moneyAlso even if you were to do this, you still need money to invest in real estate as properties need constant repairsThe most frequent mistake I see is people take these guru programs and spend all their $ on the guru and have no money to invest in real estate

Contrast that to the bond market--the source of movement for all manner of interest rates--which frequently moves more than 8 times in any given second.In other words, the financial market is able to make its move well in advance of the Fed and that's a substantial part of the explanation for the drop in mortgage rates seen over the past year.

My recommendation for this strategy is to minimize the amount of possessions you have so it’s easier to pick up and move frequently.

STR can be tough with the law changes that are frequently happening.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.