I suppose you could save some money that way but at this point it is going to be so expensive it won't even matter anymore as you will be punch drunk with the invoices piled up on your desk.

Could you save your current cash flow to do additional investing in a better area?

Conversely, I also know people who find communicating with guests and cleaners to be incredibly draining, they don't know the first thing about managing an STR nor does it particularly interest them, and they would rather spend their time making money in their main job rather than taking on a side hustle that they may not be able to do as effectively.

She then tells me that she can’t come up with the money for a deposit.

We make more money on nasty value add properties.  

I’ve recently saved up $50,000 and I’m super excited to jumpstart my real estate investing journey.

After a certain amount of loans it's not feasible for them anymore unless they go portfolio or hard money.

Should I just hire collection agency for the money owed? 

I do have money in my joint acct with my wife but she doesn’t want to touch it.

.- Time Savings: Managing rental properties can be time-consuming, especially when handling tenant inquiries, maintenance requests, and lease renewals.