One thing to add to @Michael Plaks great linked post (read it; seriously) I’d add is to make your hour logs contemporaneous.

Quote from @Michael Lipari: Can you do the STR loophole only managing one STR? 

Quote from @Michael Hence: Thought I would share my experience with baselane as a warning to others. 

Hey Michael,You should look into MTRs or STRs instead.

I do the same as Michael .

I agree with @Michael Baum.  

Michael,I am really having a hard time finding a site that provides updated and relatively inexpensive 30 60 90 day late lists.Any chance you can point me in the right direction?

Hey Michael,Yeah, that’s one of those little landlord curveballs that nobody tells you about until it happens.

Quote from @Michael Santeusanio: I see a lot of first-time investors struggling to find capital for their first property.

HSV market has seen some cool down in the past 6-12 months one due to macro events (interest rates etc) and secondly due to the city banning STR/AirBnBs which resulted in huge increase in rental supply resulting in much longer vacancies.Also agree with @Michael S. that new builds will not cash flow but most likely that is the case almost in every other market...I have seen builder getting little anxious to get rid of their inventory and you might get some deals in there but you will have to hold it long term.I feel in the long term HSV will be a solid investment.