I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them?

I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.Self managing STR properties, from afar, while maintaining other employment, is only a possibility because of the new technology made available in the last 10 - 15 years.  

Possibly just one (or a few) Scaramucci.  

Your scenario is possible but not probable...admittedly I have never done what you suggest I've been the seller financing sales in my IRA, but I have read several BP contributors that have substituted collateral.

If possible it is awesome to test with a focus group.

Quote from @Sandra Morrison: @Shannon LeckingerI have STRs and LTRs - your condo will be possibly more of an appreciation play but you can’t pay bills with appreciation.

I'm hoping to buy something in the $300K-$400K range so I'd like the highest quality tenant possible in that price range.

It is possible that it will comp out but I might hire an appraiser to see what they come up with.It depends on how bad you want it.

Like I said earlier, I am new to the game but learning as much and as fast as possible.

Otherwise you have to plan for worst possible results.