Even when financial goals are met, the experience shapes how owners and tenants perceive the property.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I understand this is a good way to become financially secure over time and am eager to start.  

It would be good to talk to a lender to make a game plan and review your financials. 

If you truly enjoy property management, it might be for you, regardless of financial consideration.If evaluating the question purely from a financial standpoint, it comes down to the value of your time. 

Prioritize your financial stability.

It would be great if your rental could also work financially as a long-term rental if the STR market changes.  

But this one doesn't return investor phone calls or request for financials.