While it's not a requirement for investing, I think having a solid foundation of knowledge will set me up for success.

Depending on how you set up your STR that could affect you.

Luckily I only have one rental property in Colorado, but it's my second home where I rent out a room rather than the whole house, so it's really important to me to be able to give reasonable notice to a tenant that isn't working out, since I have to share the house with them when I am there.How are others responding to this? 

Issue 1: I own a 1.3 ac commercial parcel in Fallon, NV which has zero inventory available and desperate for housing.

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A good option to get your foot in the door might be to house hack and rent by the room.

I've heard of some hosts adding to the house rules that the guests must complete those steps after booking on the OTA platform, otherwise the booking will be canceled.At my company, we don't do background and credit checks for OTA bookings, but we do ask why they're renting a MTR and who will be staying with them.

I wanted to have a strategy if/when I plan to buy the next house.

@Christopher Lynch if you are set on the mountains, there are some great suggestions/advice from the others that have posted.

I also have a 240 sq ft house that I do an LTR out of.