The key question,  especially as a finance guy, to ask "Can I deploy that same $15k more efficiently to and get a better result?" 

Building a track record and capital is key, and it sounds like you’re off to a great start with Bigger Pockets.

For a the new investors I work with, I recommend to look for a turn key deal.

Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.

If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.

With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

The following are the key items I would recommend investors pay attention to:A. 

Partnering with an experienced local agent will be key—they can guide you through the market and help identify the best opportunities.

How do you do a key exchange? 

Then, they sign the lease, are issued a key, and can move in.Nobody moves in without passing my screening and signing the lease.