I've been in the restaurant business for 18 years, FoH managing for 10; and I ran a 6 acre homestead airbnb in Newtown for several years.

Last year, a heavy rain and storm damaged it and I had to replace the entire roof which costed me $21K. 

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Active investing means you buy the asset (like a four unit) and you manage the asset - you can hire a property manager or do it yourself - either way if you own the asset and are managing the asset, you are an active investor. 

However, it's important to recognize that some income is better than none, particularly in today's challenging rental market where securing tenants can be difficult.Additionally, if you require assistance managing your property, I am affiliated with a property management company specializing in comprehensive services for long-term rentals.

Are you competing with large scale property management firms or small scale investors 1 to 3 properties?

What's your best piece of advice or tip when starting out managing a STR?

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

These are going to be my first self managed units, but my intention is to continue adding units in parallel with development projects. 

He is now in a lease option agreement with the original sellers and is stating I will get my assignment fee when the property is finished rehabbed and sold (likely months away).