Btw, this kind of note-taking has been extremely helpful in other aspects of my life, and I imagine it will work quite well for real estate as well. 

I’ve handled almost every aspect of renovations myself—plumbing, tiling, painting, drywall, and general construction.

I’ve seen folks pivot their plans quickly if they discover one city has friendier permit processes than another.And yeah, the Phoenix area has some really down to earth investor meetups, from what I’ve heard, that can help you level up fast.What aspect of the business are you most excited to tackle first.. managing construction, or scouting out those under the radar leads?

I am 100% ok with my w2 providing me income to maintain my life and grow a nest egg for the later aspect of life  

But then their is the real world aspect and they just don't pan out.  

We put $75K down to begin with and likely have $85-100K in equity ( depending on what non-scientific source you check since I haven't had a full appraisal done) on it.

It doesn't add layers of physical damage coverage or cover things that wouldn't otherwise be covered.Agreed, didn’t realize that was the sole aspect of the question.

Hi all,I have been a solo agent for a few years and recently joined a team with the hopes of learning some new things and try the cold calling aspect.

Quote from @Nate Sanow: Yes I own two that are near 100 years old and I will tell you they are a pain in the you know what compared to all of my post WW2 properties especially post 1980… layouts are better in the last 50 years and energy efficiency is better and I can keep going… HOWEVER to reply to the other aspect of your question, I’ve found appreciation is better with older properties in areas of the path of progress.

While I agree that the purchase is an important part of the process, if you buy based on price and not on the STR aspect of the deal, it could fail.You might get the best damn deal on a property in an area that makes a terrible STR thus it isn't a deal at all.