If staying alive is more important than earning a few bucks, I recommend you sell the investment property and purchase a single-family home or a duplex with totally separate spaces so you can control your environment.

I would be 1000% grateful for any assistance or guidance to starting out in this fantastic yet confusing world/venture!

Can anyone offer any advice on how you control your spending and keeping a budget?

I'm currently house hacking in Meriden, CT to top it off (which I find to be a fantastic buy&hold market, but likely not a fantastic STR market).

@Nathan G.For reasons beyond my control, I was evicted from a home.

Bellbrook is certainly a fantastic city so congrats on finding a property there.

We have statewide rent control with eviction preventions.

Considering the FED cannot really control interest rates and at best can control the short end of the curve it would seem to me that Jay Powell would be in a position where he cannot raise rates. 

It is crazy expensive here with no signs of slowing down (SD appreciates 6.94% per year on average which is higher than the majority of markets around the country).I personally like the idea of purchasing a low down payment personal residence as a first investment, that way you have more control of what happens.

This would allow us better margins and more control.