I just started a new stable position so we now are on solid footing. 

I moved to Phoenix, AZ in March 2017 from Miami, FL with my girlfriend after she got a new position, and immediately got my Real Estate License (former career in college athletics).

There's lots of things that impact a short-term rental's performance and value that won't fit into that calculator, such as how many it will accommodate, does it have a view, proximity to attractions, are the roads difficult, etc.  

I am not saying that one shouldn't try their best to find a good deal, but if the numbers work on something you might find on the MLS and the property will yield positive cash flow shouldn't that be enough to get a new investor started?

After lots of hard work, learning curves, research, and BP podcasts of course, we are in a position to do the projects we love on our own.

I could go on for a long time by I do believe that this is the best way to go unless you can afford at least 30 units at this time with a positive cash flow on day 1 without forming a Partnership.Good luck to you!

But two things always demand attention - the desire and need to move from active to passive attention, and the need to move defensively in late markets and late investing careers.Defensive investing is a way of separating your cash from debt in a mature market to mitigate the impact of any kind of correction. 

All great answers.I wonder what exactly is the impact to a landlord when you say:"The bonds suggest that they will go bankrupt, and the politics are not friendly to landlords or businesses in general."

How much positive cash flow do you make per investment property per month in dollar amount?

They can't pay their rent and they aren't eligible for a mortgage, don't put yourself in that kind of position.