Consult an STR expert and hire an inspector for confidence.

I have consulted with a few attorneys over the past couple years regarding this and have determined that for my own personal situation, umbrella insurance provides sufficient risk mitigation for my situation at this time.

Always consult with your attorney before you rely on the above information.

Getting multiple contractors involved will be your best bet to get a reliable estimate, though you need to come up with a scope of work.

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

@Paul BogardTo rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces.

Is that because there is no work in those towns and the tenant won't be reliable or vacancies will be high?

@Amanda SkipperTo find reliable property managers and agents for remote work, consider factors like experience with investors, local market knowledge, and remote buyer experience.

In my experience RE investing is a reliable way to get rich slow, provided that you’re willing to invest steady effort and attention into the proper management of your portfolio over an extended period of time.   

Dan, If I can help with a consultation for the Sedona property, just holler.