Spread your eggs between multiple pockets rather than everything into one property that may or may not appreciate and cashflow as you forecasted.The only exception that rule would be in Austin, if you live there, or in Phoenix AZ just because the growth in the Phoenix metro is so strong and you can still cashflow there. 

I plan to leave them enough that they can afford to buy a house or start a nest egg, but I am not leaving large sums to them.

I remember back when I first dipped my toes into real estate investing...around the time I’d hoarded my first serious nest egg like a squirrel stashing acorsn...I had something close to your $80K set aside.

But given the state the areas are in its increasingly difficult so I'm biding my time.In the mean time I wanted to start STR arbritage, at the same time I will still be trying to own a property, but I want to be proactive rather than wait for the bidding wars to calm down or find a gold egg in a ..haystack?

I do appreciate a cheaper entry point, so that I can afford to buy more doors, without putting all my eggs in 1 or 2 baskets.. 

make friends.there's no rush. the worst possible thing you could do would be to put your nest egg into something and lose some of it and set yourself back.

We do significant business in 44102 and 44113 and occasionally there is a "bad egg" but typically tenants that we place and do not "inherit" with the property are great and leave the property in good condition.

“But you also have to remember a lot of landlords have maybe 1 or 2 rental properties as their income or as a retirement nest egg.

I believe that he might want to move the Florida loans to Colorado I just found out but Im very hesitant to do it and putting all my eggs into one basket.

Biggest thing to consider is the risk and having a nest egg if things hit the fan.