Our initial visual inspection of the common areas suggested the building was in good condition, prompting us to move forward with the contract.The contract included both a document contingency and an inspection contingency.

With over 10 years in both investing and real estate sales, here’s a bit of advice as you start:Focus on Learning Local Markets: Dallas is a big, dynamic market.

Some great resources:The BRRRR Book by David Greene (BiggerPockets) – covers buying and rehabbing rentals the right wayThe “Estimating Rehab Costs” book by J Scott – super practical and beginner-friendlyYouTube channels like The Build Show, InvestFourMore, and The Real Estate Robinsons break things down visually When walking a rehab deal, look closely at:Major systems: Roof, HVAC, electrical, plumbingKitchens & bathrooms (these can eat your budget fast)Foundation and structural issues (red flags = $$$)City/permit requirements — especially if you're in a stricter area For courses/masterminds:BiggerPockets Bootcamps – highly rated and beginner-focusedCheck local real estate investor meetups (REIAs) — many offer in-person or virtual training on rehabs and deal analysisAshley Kehr’s Rookie Investor content (on BP and Instagram) is great if you want practical, down-to-earth adviceFinally, be sure to build your team early — especially a contractor and an investor-friendly agent (or become one yourself if you’re interested).

It’s true, a lot of people lump all STRs together without understanding those key distinctions.That second point especially — the average stay being over 7 days — really shifts the dynamics of what’s considered active vs passive.

Quote from @Eliott Elias: I use Dynamic VA  Thank you so much!

As an STR/MTR host & co-host in Metro Atlanta, I think self-managing in a tourist area can work well, especially if you automate as much as possible (smart locks, dynamic pricing, messaging templates, etc.).Since you're just getting started, focusing on a turnkey or lightly updated property might make the transition easier.

Apple, and many other stocks, are over valued, the dynamic has changed.

More inventory = more opportunity for investors, however, regional dynamics and rates matter more than ever. 

@Ken M. remember what I have said about the market dynamics, of the "Doughnut effect"?

This reflects a common dynamic where some buyers see a downturn as an opportunity.