I just don’t want to join because people just want money because I don’t have the money to waste, just trying to get started.

Rental comps in the area are around $900-$950.My expenses before the cash out refinance will be minimal.

I was going to start looking around a bit but do not want to waste time if there is nothing like this out there.

Granted that hiring a management firm would probably eliminate any cashflow, I am leaning towards just managing it myself and assuming that since the place is in great shape, the day-day involvement would be minimal.

It's far too easy for me to stray from the plan and end up wasting a ton of time chasing leads.

One benefit of having minimal money when starting a business is that you need to keep expenses low.

I imagine that if you bought this property in December and "rental season does not start til May/June", it's very possible the property was never put into service during 2020 and would have minimal, if any deductions attributable.Also, most STRs are not rental real estate for the passive activity loss rules. 

Rental comps in the area are around $900-$950.My expenses before the cash out refinance will be minimal.

Yes, but you need to narrow it down a lot to have a coherent answer.You will have to look at (I'd recommend in this order) the city codes (if it's inside a city, many cities above 50-100k population aren't friendly to development of these), the county codes (most counties are friendly to these, but you will probably have significant issues in major counties like Bexar, Travis, Dallas, Denton, Tarrant, Harris, etc), then you will have to comply with the state-level (TCEQ and others) on the water supply and waste water treatment systems.To put it in perspective again, in say Dallas or Austin, you will likely have prohibitions or very significant hurdles on developing RV or tiny home properties even on unincorporated, "unrestricted," AG-zoned properties at both the city/municipal level and county level.

@Brett Schmidt 20 year since it minimizes your out of pocket investment.