Cash flow is the result of your money doing the work, W2 income is the result of you doing the work.This is a fundamental concept that everyone needs to understand.To become a doctor you invest 8+ years of time and well over $100K into your education.If you are trying to chose between becoming a doctor or a real estate investor, there is no doubt you can become financially independent much faster in real estate. 

The concept of having a neutral third party looking after a property is interesting but not sure how you would go about monitoring a property manager and a tenant? 

I understand "motivated seller, distressed property and repetition" concepts. 

I am new to the concept of STR, and I can see it is getting more and more popular,  what amount of time are you spending on your STR? 

The concept is pretty cool and he finances the deal to the new owner and continues to receive the cash flow without the problem of a tenant. 

It has some very profound concepts that will get you thinking in the right direction.

The upper floor was basically a very poorly designed quasi open concept loft with a lot of potential. 

Carpets will never be clean enough once a pooch has dropped dander all over them.2) Depreciation is a tax concept. 

I think you may want to listen to the BP podcast and read a lot about multifamily and house hacking on BP to learn some of the basic concepts. 

When starting a new real estate project, how much seed capital do you prefer to save prior to carrying out concept, and why?