Concentrate on the stuff that makes a big difference FIRST; you can “fine tune” and “optimize” later.   

Income Splitting and Tax OptimizationYour S Corp pays you and your wife a reasonable salary (subject to FICA).The rest can be taken as distributions (not subject to SE tax).This does not reduce SE tax on your STR income directly, but could optimize total household tax burden if additional income is pushed through the S Corp.5.

Check out:https://www.biggerpockets.com/forums/517/topics/812772-2020-brew-city-rei-training-cafe-menu

I get that you're interested in getting into the game, but don't let your anxiety lead you to a less optimal decision.

This means alternate sources for for your investment or not being "optimal" on the original investment if it's illiquid.Point & case if you have $2.5 million in liquid funds, this doesn't mean you can now levearge into $10mil in mortgage allocation(before reserves). 

@Pratik Patel -Great questions — this is something we help out-of-state investors navigate all the time in Boise, and the right answer really depends on what you’re optimizing for.New builds offer minimal maintenance upfront, which some investors love for peace of mind.

We built from the ground up with STR guests in mind—featuring an optimized layout, durable finishes, and amenities tailored to guest experience.

There’s definitely a clear distinction between those who want a fully passive experience and those who want to be in the trenches, building and optimizing every piece of the strategy.

To think that highlighting what are very typically already performing STRs (albeit with customization required to optimize) is an equivalent contribution to the lender and agent on the ground is ludicrous.

Fix, rent, and flip/upgrade helps generate wealth faster, but does take more time and effort today, so that is good for a person who maybe has older kids and/or kids out of the house and are comfortably settled into the rhythm of life and know how to optimally organize their time to accomplish more.