@Marizel Ashby I can help get you out of the analysis paralysis as I have done for many new investors like you.

They both gave me back a few hundred in cash back if I spent a certain amount within a few months.

Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc. 

I'm finally ready to take the plunge into real estate investing and am super interested in the potential of short-term and mid-term rentals.I'm drawn to the idea of creating passie income .Right now, I'm trying to narrow down my market ( North carolina and Texas)and learn the ins and outs of STR property analysis.

I have been renting out mid-term for a long time but I'm wondering if everyone has the same problems I do with the current options. 

I financed this deal using a combination of cash and a private lender.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

As for the market here, the secret is kind of out.

Joey,Feel free to reach out and ask any questions you may have but Yes, you can use the 1031 exchange for purchase & renovations. 

I had another person try to bargain me down to $1700/month, and said she was moving out of her dad's house and so needed room to store boxes in the extra bedrooms.