This is very smart and you can definitely save your money while doing this.

They bring the money, you do the work.

Low money down high leverage loans 2.

If you are investing out of state you will need to pay a STR management company who's rates are going to start at 20%, which does not include furniture design, installs, shipping, set up, etc... the labor alone on setting the STR up will bleed you dry.I don't know what a little capital means to you, money is relative after all, but to me I would suggest house hacking is a far better strategy.  

get money and experience first then open your company. go work for a company and get paid to learn their systems and how they do things. take what you like and implement it into your business. 

I attempted to use Pricelabs for a short period of time and couldn't establish any rhyme nor reason to it.  

The best they can do is keep a short list of local housekeepers and handymen and call them in a pinch.  

She Runs the Chicago Creative Investors Association (CCIA).

But, I will also put some money into it to fix it up.

3) If the STR income isn't covering the mortgage & HOA, how is pulling more money out, thus increasing your expenses, going to help?