A short-term rental with a stay of 7 days or less + Material participation =also non passive.

This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.

Previously though most of the MTRs stayed 3-6 months, so we've averaged about 3 turns per year, with about 1 week between tenants. 

., staying in rentals.

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

Work with someone who can guide you or just accept that your tuition will be paid through making some costly mistakes which is also legit if you can afford that :-) Good luck!

I have tenants that stay many years.

Since you're already in Tampa, staying local for your first few deals can help you stay hands-on and learn faster.

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

I have a few rentals with section 8 tenants, and they tend to stay on average 4-5 years.