I prefer new Orleans, for example.  

Comes down to your preference and what other deals are out there.

It really depends on whether you prefer the hustle of managing STRs or the steadier income from LTRs.My TakeIf you’re drawn to the energy of the STR market and love the idea of working where people vacation, Florida might be the way to go.

It’s hit and miss, really need to deeply understand what they offer, if they will work for you or against you, whether they sign the lease or you (I prefer me, to reduce that lock jn). 

Depending on local regulations, you can mix up STR/MTR/LTR. 2) Get systems in place in those exact cities; 2 PMs preferably via NARPM, 2 high quality inspectors, and rotating book of handyman, 1 lawyer, and a credit union contact for leverage along with investor friendly nationwide lenders.

So cash flow is my least preferred of the RE return sources.  

She will do as much or as little as you prefer

I came into this with pre-approvals so although they have preferred lenders, they do not require you to use their referrals. 

This will influence the supply in the area but in some specific niche or criteria, that's why is important to review constantly the area -inflow of new families are not slowing down.

Would the person who takes on more labor to repair the property have greater preferred equity or is this usually treated differently?