Really appreciate you sharing your experience, sounds like a solid deal with a great profit margin, especially considering you did 90% of the work yourself.

None I could say with confidence without knowing more details on the borrowers experience, property type, city, and project numbers (PP, Rehab, ARV).

The fact that you have already owned and sold a rental property gives you a great experience to start from.In terms of the best place to invest - that is whatever place meets your criteria, goals and investing style.Personally flips have not been working as well for me lately, but when we get the right BRRRR deal those are still working well.

@Mike FitzPatrick  I have experience investing with them. 

Does my experience resonate with yours?

I think it is going to be custom to your business and its something that those who have experience with will do better at.

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

However, in my experience the good wholesalers understand comps and construction costs, are transparent, have good referrals, and can actually get you in the property. 

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Hiring a property management company with experience in the markets you're considering can be a game-changer.Have you identified which markets you want to invest in?