It was a good learning experience, but it made me realize that staying away from major rehabs (for now) might be the best move until I have a more reliable system in place.That said, having family in the area like your sister and brother-in-law is a huge advantage!

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.

I have tenants that stay many years.

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.

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

Easy to keep it to a comfortable temp.

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. 

Just know that if you are moving somewhere to chase the hot market, it will only stay hot for so long.

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?