I hope you've already made progress in getting started as an investor.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

It's no guarantee but it's a good place to start.

So best next action is to start removing things off the table, take away options, start eliminating things. 

My wife and I are in the process of starting a stem education center and I have leased a 1,200 sqft space that is apt for that which is at an upcoming shopping area. 

The units are all currently occupied right now, so we won't have to worry about the buyer's market right now haha.With the cash flow I will receive, it will be enough to take care of property taxes, insurance, and enough to save up for any emergiences with the unit that I will need to take care of, so no need to worry, I got you :)!

Should we start LLC? 

I probably saved 200k on this particular project.

A follow up question I now have would be do you think its smarter to completely pay off the first property before buying a new property or to keep going out and buying new properties once i have enough saved up for the down payment along with extra fees?

Despite being assured that there would be significant tax savings on my 2023 taxes, there were no cost savings or advantages to having paid $5,000 for strategy in that tax year.