I’d encourage you to make sure the basis of your property is done correctly as that impacts all future years of depreciation.

@Drago Stanimirovic thank you very much for the encouraging words.

That said, I'd encourage you to have reserves of at least $5-10k per property. 

@Drago StanimirovicThank you for the words of encouragement—I truly appreciate it.I completely agree that networking locally and shadowing someone who’s actively investing in my area or nearby markets would be extremely valuable for my learning and growth.

@Scott Pillar thank you for the encouraging words!  

Hard money or private money is great l, but unless you get a super deal, a conventional owner occupant loan is hard to beat on the first property.I’d encourage the following path:1) Lean into the sales opportunity at this job and give it your best shot to test the hypothesis that there’s real opportunity in this. 2) While you are at it, get your real estate license if you are serious about becoming a long term investor.3) Look for opportunities to get your first side sales in real estate which may synergize with this job. 

You can also encourage longer bookings by setting 2–3 night minimums so guests roll into the weekdays.

It’s encouraging to hear how you handled your long-term tenant who sometimes paid late but always caught up.

The podcasts encouraged me to keep my house in Dublin when we moved and use it as a rental.

So, owners mistakenly think price is the only differentiator – and look for a PMC like they’d shop for groceries☹We encourage you to learn from the mistakes of others by reading posts here on BiggerPockets from owners that picked a PMC solely by price and regretted it.We recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Even if someone gives you a referral, do NOT make the mistake of assuming that just because a PMC met their expectations, they’ll meet your expectations.