@Steven Olivas how did we not take the time to ask you the right questions?

The market is saturated with STR's further from the beach and attractions, so my advice is to be picky about your location and underwrite the numbers carefully to make sure the investment will be profitable. 

Learn how to manage it well and avoid the costly mistakes so many owners make.

Credit agencies ding you for having a statement balance.

You can mitigate almost all of the risk by just hiring an excellent property manager. 

Quote from @Chris Seveney: @Jonathan ChanI am all for communication - but how do you enforce that communications policy?

Quote from @Jose Remor: Yes, you can save $500 by managing yourself, but you can also lose a lot more than that with some rookie management mistakes.

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

If an operator is not responding to you adequately - in timing or quality - prior to you wiring them $50,000, you have to ask yourself how will they respond after they already have your money? 

@Greg SeivertMost lenders that work with real estate investors understand that you may show a paper loss and they won't hold it against you.