--Andrew CarnegieMy advice (which is not worthy of sharing the screen with a BP host/Prez) is to pick a market near you where you think you would like to own a property. 

It can help to see the expenses that may come up in STRs.I would personally look into co-hosting over arbitrage if starting on a tight budget.

Now I am in the early stages of development.I am working with a consulting firm to help with a concept plan, engineering, and to get the city to sign off on everything.

I'm the co-host of the Edmonton InvestHER chapter, and love supporting other women in real estate, so let me know if I can help. 

But in the meantime, if you aren't happy with your management company, I would suggest interviewing others until you have a firm understanding of all the facets of managing on your own.Good luck! 

There are local firms that will do it for you with the cost of about 1/3 the tax savings. 

To thrive in real estate investing, you must maintain a firm grip on your finances.

I agree but I don't understand how they can logically charge a host.  

Set a Firm Budget: It's easy to get caught up in the bidding frenzy.

To crystalize this point many years ago I was involved in a dispute with an architecture firm.