This doesn't mean you stop investing in those areas, it just means you need to factor that into underwriting and be prepared for it.

Also, my personal investing goals & acquisition reflect a long term play and not a short term one.

And I am sure many locals who self manage do OK with it.. but its a JOB its not investing 

I will say, although I started my real estate investing journey with furnished short/mid term rentals, if you want to scale, long term unfurnished is likely the best way to go.

With going investment properties going for $60-80,000/unit.

Get a Heloc on your current home because some lenders will go up to 90% on helocs and then you can maximize the amount of money you have available to you for future investment properties.

I am new to the real estate investing world.

Hi I just closed on my first real estate investment property today!

Investment Info:Large multi-family (5+ units) commercial investment investment in Oakhurst.

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.