ITs going to depend on a lot of factors but just jumping into STR "around the country" (i.e. potentially very far from yourself) is going to be challenging - property management fees are going to eat up a lot and its hard to cash flow as it is with current rates/prices.Most people would start with LTRs as its generally good for the "first investment" to be more of a learning experience and chalking up a lot of mistakes - so keeping $ amounts low, leverage conservative and the investment as "vanilla" as possible is generally good advice

Your housing expense savings.Our prior rent was $2,300 for a so-so furnished unit in Charlotte.Plus, we paid $1,000 per month to maintain our tax home as travel nurses.Total we paid $3,330 per month as our housing expense.                                                                     

I would reccommend protecting yourself in terms of the legality of the transfer, ensuring there aren't any violations, 3rd parties requesting some claim of ownership of the property, most importantly the structural integrity of the property overall is sound and there aren't any big ticket items the current owner should righfully be taking care of that will then be additional issues you inherit. 

Or alderman allowing case by case currently city wide but the regulations would make it a right of property owners without alderman approval needed? 

Currently have 20k in a HYSA and another 20k split between Rollover IRA (7k), Roth IRA (10k) , Traditional/Roth 401k (5k).

You read the current minimum size for a buildable lot in the code requirements outside urban areas, specially when septic is involved, and these lots simply don’t pass.

More for the folks that live hereI did a deep dive yesterday and prices are stagnant to up slightly in basically every Pensacola and Santa Rosa County zip code so you are 100% correct that we aren't seeing a collapse currently. 

Ken,I currently invest in option b-notes and found this to be the simplest so far.

But are there any current owners that would let me pick their brain?

My current tenants have a lease until August 31, but they plan to move out and return the keys by August 15.