This strategy is great because you can rent by the room or just rent to one tenant.One thing I would recommend is get very good at analyzing properties.

Hey @Tri Nguyen, going outside your comfort zone is scary but as long as you have done a great job of analyzing the property and had everything inspected, there won't be any issues. 

I am starting up a small group for investors to analyze and discuss properties with the intention of developing our property analysis skills together.

I’m not opposed to driving for dollars or local meetups, but those are not feasible from a distance.Between now and the end of the year, my goals are to:- Read four REI books, including David Greene’s Long-Distance Real Estate Investing- Analyze 200 deals in areas that we’re interested in purchasing some STRs- Build a relationship with some banks and real estate agentsMy goal in 2022 is to purchase two or three properties.

Another thing to always remember is to factor in the monthly HOA fee when analyzing a place.

That said, I am going to use these next few months to practice analyzing deals, and expanding my network.  

Listen to podcasts or audio books while walking your dog, wake up early and learn to analyze deals, be creative.

This is a pretty common item that gets missed when analyzing deals-Vacancy: 8.6% is typically higher than I use, but it depends on your market.

I’m analyzing the deal differently now .

Again, that is very high level and needs to be analyzed properly with your advisor.