I feel comfortable with running and managing an entire project. 

I invest in helping and partnering with people that have the drive to become successful.There are very few parts of the country where there aren't phenomenal opportunities -- The only place I've refused so far is the Salton Sea area because it's like a post-apocalyptic wasteland.For example, I'm partnering with a guy I met here on BiggerPockets just four weeks ago that's in a little town in South Carolina that I've never heard of.He was convinced that this little town had no possibilities but I just jumped on Google Maps and started looking around to see what this little town had to offer.That's when I saw an equine therapy ranch that helps people deal with emotional and psychiatric problems like child abuse, PTSD, etc.

If you're comfortable and confident that you're able to cover the expenses in the event something happens  then I would say, Go for it. :)  Do you have your financing in place? 

At the end of the day, if you're comfortable with a STR and you're confident it will cash flow, then I would say go for it.

The basics are: From the comfort of your home you cold call, build rapport, and lock deals over the phone. 

I was especially elated to see the light at the end of the tunnel on this reno as I’m currently pregnant with our second child, and had both hoped to be able to help my husband complete this job before I’m huge, and actually have a done house by the time baby # 2 arrives.

Some people’s comfort zone is in having a rental that is renovated and in an area that may have high demand and consistently better looking neighborhoods.I have rentals in Taylorsville and Murray and enjoy those areas.

I'm very familiar and comfortable with CA markets but they are so high I know I'm missing out.

I don't expect we can bring someone in at a premium rent with the exterior looking like it does need the maintenance and I don't expect they'd be comfortable paying it based on a promise of a future upgrade.My plan B was to inform them of the upgrades up front and offer two options.  

I understand this is personal comfort/risk appetite levels, but I'd like to hear how other smaller investors getting into the REI landlord arena think about this aspect.