Yes, I live in AZ and have managed my own STR in Delaware for 2 years. 

Feel free to ask anything additional if you need.  

Additionally, it aids in evaluating the feasibility of projects, allowing you to focus on the most profitable opportunities.

We have multiple properties rented to students living in different rooms.

I'll assume you don't know this, but you should require every renter to have you as an Additional Named Insured on their renters insurance policy for the same reason you want to get a Certificate from a contractor doing new work. 

I am from northern lower michigan and live and build in texas but I am considering building again there next year .

Additionally, it's possible that your money will be locked up longer than it would in an acquisition investment.

It really depends on the living situation too.

You can’t live off the rental income? 

Both apartments had multiple people living in them who were not on the lease and my property manager failed to do anything.2.