Golden Corral always seems packed around here.I like to stop in and eat there.Good Luck!

If you aren't able to commit the time to it, then you'll either need to hire a PM (which will eat away at cash flow) or devout time to make it stand out2) The STR market is still alive and active, but those investors who are not putting effort into their properties may start to suffer3) If you need to hire a PM, making sure you have a quality one is important (and not being afraid to move on from one that isn't performing well)Thanks for everyone's comments thus far!

We don’t know where we’ll be or what we’ll be doing when we reach retirement, but we sure get shown lots of pictures of happy people playing golf and lounging by the beach and eating at buffets.

And tenant issues will eat all of your profits unless you want to be extremely hands on.

All this takes time and eats away at any profit.

That eats up 1/3 of what I assume is your pre-tax income of $267k (close to half of after tax money).

What everyone fails to realize is that a list being of "less competition" is completely irrelevant when the strategy doesn't work.Let me give you an exaggerated example.A fish only eating shrimp in a pond that is oversaturated with fishermen, sure if you use shrimp on your hook you have a TON of competition.So the advice given is, " put a rock on your hook.

Get more involved and don't care about rate buy downs and closing costs assistance they will do whatever they can to get a deal done but they are the ones eating not you. 

Don't eat the dirt and you should be just fine though haha.

The John Deere tractor eats up all your capital and is overkill.