There are so many new operators in the STR field now, and the questions about certain things are mind-boggling.

More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.  

I think some min level of regulation benefits everyone, including wholesalers who currently operate in no man's land. 

and far less expenses during operation.

Often it's a really easy fix or operator error that does not require a pro.

Learn about the Net Operating Income (NOI) and Capitalization Rate (Cap Rate)—these are essential to analyzing the potential profitability of a property.Return on Investment (ROI): There are different ways to calculate ROI in real estate, such as looking at your total return after a sale or assessing your rental income versus initial investment.

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

Even if it's cleaning rooms, get a feel for the operations.

In the state of Florida, you should have two bank accounts, operating and escrow. 

This is the kind of thing the bank you keep all your operating funds in should be happy to help you with.