I’ll have to pick up BP’s book on buying rentals.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Seems people are picking up properties of any kind:) or I could be stupid and overestimating the market.

Owning/managing an STR is not as simple or straightforward as standard rentals and to successfully run them you need to have good systems and procedures in place to sustain them.   

Pick different potentials in the same investment market...run the numbers before and have a list of what you need to know or look at, then run the numbers after...depending on the property and intent use one of the calculators on this site for every one...work it as and then use the tool to calculate what it would need to be  --  if they are the same then it might be the right deal.Once you have this then you can move to other surrounding markets easier...just make sure you adjust your assumptions to align with that market.One final note and this depends on your area, here in FL you have to account for what your property taxes "will be" not what they are. 

The simple fact is that even with a "team" of people managing a property, the attention to detail and personalization is just not there. 

@Thomas Condon and @David Morgan There are many questions to be asked and directions to approach this and to take this for a simple answer.

Simple rentals take 20-30 years to bear Fruit. @5 year ago prices, maybe.

Pick a solid B-Class suburban area.

It's a simple form used to document the terms of the lease with the Buyer, Seller, and Tenant all agreeing so there's no misunderstanding.