Having a safety net for unforeseen expenses is crucial.Failure to Exercise Due Diligence: Investigate possible investment properties thoroughly, especially through title searches, property inspections, financial analyses, and rental market studies.

I can buy  5 more properties with 30% down and still have a decent bit left over for repairs and expenses.  

Here's an example:This month Property LLC#1 receives $2000 in rent and incurs $600 in direct expenses for a cash flow of $1400.  

I'm not sure the specifics of that market but my initial gut reaction would be that 90+ day stays may be a bit too limiting to make an MTR worth it. 90 days could work well with the average 13 weeks for travel nurse contracts but may limit your digital nomads, business traveler, etc bookings.

Then have a second account for your personal expenses and income (groceries, job, etc).

It may be harder to set off the entire mortgage payment with house hacking, but any amount that you can lower your living expense is a win while simultaneously having your property appreciate.

For the record, I’m from south Florida but invested out of state because it’s so expensive in this part of the country.

I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high.

If no budget concerns and you can buy slightly more expensive homes I would look at the top states currently being relocated to and choose a sub-market within that is slightly on the outskirts so that you can grab something of good value and have the city grow into your area for long term appreciation.

Most of the cash-on-cash returns I'm seeing when calculating even modest management fees and repair/reserve stowaways seem to be consistently in the 4-6% range for COC, and that's assuming no big surprise expenses that affect cashflow. 3b) Even 50 miles outside of Atlanta like Dawsonville, Cumming, Matt areas are expensive for a modest home in areas that have room to grow and don't suffer from being a food desert (you know what areas of the city and metro area I'm talking about).