Get someone on the ground to be your eye and ears and lookout for your interest.

However I believe it’s great to have two independent sets of eyes (in addition to your own) on the books to make sure everything is accounted for and running smoothly.

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

Given your buy box, keep an eye out for properties with strong rental demand and minimal major repairs.

I think the main points would apply to you as well.STR is great, as long as you go into it with eyes wide open and reasonable expectations. 

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons). I'm aware that ...

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Based on that range, I have been eyeing SF's in IN and OH.

Keeping my eye on the worst houses in the best neighbors that need some reno that I can turn into STRs or LTRs.