As Chris said above, you really need to understand values on properties regardless, so starting small in your backyard is always a safer option than going nationwide right away.It is a great business though - congrats on getting started!

I so BRRRR rehabs into rentals which is going to be different than a rehab to sell.

Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.

You will have a high percentage of people schedule showings and expect something nicer than the reality. 

Even they will probably be a couple days out.

I have been doing research for a couple months now and I feel a lot more educated than I did before.

The PMs that manage MTRs are usually the same PMs that manage STRs.

California is generally more cumbersome than other states when it comes to taxes and filings.

A couple of years back I read an article regarding what was called the donut effect when it came to major cities.

If you have one leak a year than you can repair it.