I personally would spend that much to fail a couple of times to learn.

From your other comments, it sounds like you're more interested in learning the underwriting than actually buying this deal.

I would suggest you learn how to manage it yourself for at least a year or two before turning it over to property management. 

I'm not experienced in this particular form of real estate investing / marketing, but I can share with you what I've learned through podcasts and general sales experience, as well as share my opinion on your current marketing tactics.1.

You're in the right place to learn about real estate investing.

@Andrew Bonavita I think the most important part of this business is to take the time to learn your market.

The downsides can include high minimum investments ($50K+) and just learning how to vet syndicators, but you can knock out both by joining a real estate investment club.

*This is the new aspect for me, so if you guys have any extra tips like "try calling the utilities rather than doing a search", or "always double check with the zoning & permitting boards if you plan on doing STR for air b&b licenses", or even seeing if there are any extraneous departments that can cause headaches later like city inspector or the fire marshal, or some other thing that would be good to know about.Thanks so much in advance everyone --Side note, it is so refreshing to come to a site where people *want* to learn about title.

If you're not learning/the conversation isn't flowing move around and meet someone new.You can find REIAs here and on Facebook. 

It ismportant to keep in mind, especially if you are out of state and/or flipping or brrring, to have a team in place prior to help navigate as you go.