They fail to account for their personal time.

I personally have 12-doors in Detroit and I'm working on a duplex (currently in probate).

Personally, I am not a big fan of STR's although they may be fantastic in certain areas of the county.

I found my first investment by telling everyone what I was looking for (off-market single-family home, fixer-upper or hoarder house, etc.).

You might want to explore STR tax strategy if you are finding that the long-term rental tax strategy isn't working for your personal situation...

I started almost a year ago..its been a journey but no horror stories...yes drama but no horror...the person I was considering hiring to oversee the project decided to take the project on which was a dream come true...thx for your advice ..i did what you advised and then got lucky!

There's some complicated ways around it and things may have improved, but I can tell you that I was personally threatened with being charged with a felony in 2019 for renting my property even though I had gone through the proper permitting.

Access to an STR isn't essential, but helpful and bonus when it's personal usage time..- Insurability & Operations costs: Can be considerably lower (especially in comparison to CA) with most coastal regions there is much lower wildfire risk and the properties that are in flood zones, have surprisingly accessible and affordable policy costs.

As far as financing - I personally like the local banks.

@Joseph Davini I'm more in the multifamily space than single-family space, we own and operate a few multifamily properties in Jacksonville but we do manage some single-family rentals as well, so I'll be speaking from that space.