It seems like STR might be oversaturated but MTRs with travel nurses, other types of medical workers, corporate professionals might be a possibility to cash flow more than LTR, especially if you self-manage.

Searching for local meetings and networking opportunities is essential in this industry.

.🚻 Relationships – your net worth is directly related to your network.

Two of the other individuals are in the trades and willing to do some of the work and also use network for contractors.

I have found that rather than hire a “professional” property manager, (although I have had great success with just such in one instance, and a very bad experience in another), find someone with experience in property management who desires to build long term equity.  

Growing your network and Agent business is definitely a contact sport.

more than likely it will not help as you hope.assuming you are not low income or a RE professional, you are limited in the losses you can take from LTR losses against w2 income in any year.  

Consider how each option aligns with your goals for passive income and wealth building.Lifestyle: Consider your lifestyle preferences and how each option aligns with your current and future plans.Risk Tolerance: Evaluate your comfort level with the potential risks associated with each option, such as market fluctuations, property management challenges, or regulatory changes affecting Airbnb.Financial Adviser: Consult with a financial adviser or real estate professional who can provide personalized advice based on your specific financial situation and goals.Ultimately, the best option for you will depend on your unique circumstances and priorities.

You can have older economy properties (under 5MM) professionally managed however the numbers don't generally pencil out (main reason why they trade based on a multiple of revenue).  

What professionals did you use to set up your STR business?