Other consideration is that most people have leases that start at the beginning of the month.

I've had people put down $30,000 or even up to $50,000 as an option fee.

People can watch/listen to podcasts, but the only way to get into RE is making that leap.Just shot you a message!

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

I think people can definitely get rich quick.

If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.

I hear what Zeona is saying, but it may be irrelevant if say you are in the North San Fernando Valley where people from the Palisades aren't going.

Meaning how to attract the type of people you want to your STR listings and how the heck you are supposed to know if there is a market for your type of "customer" in the area you are investing.

Take people's advice and also dont take people's advice, make a decision that best fits your situation. 

Where people are still normal and you can evict tenants but generally you don't have to because people pay their bills here.