Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!

And of course I am very good at what I do providing the money to make this happen for them the key though is there is no debt I provide cash we own it outright and I  have a JV with my clients that do the work of finding these and dispostioning them and dispo is done simply on the MLS very simple. 

Partner Driven provided 100% of the funding, covering the $160,000 purchase price.

It was I believe 3k to sign up and then the cost to set up the LLCs for me was I believe $700, that partially depends on your state.

Maybe some AI pro can provide a solution?  

Sorry if this is long winded I just wanted to provide a decent chunk of information 

Collecting rents is an art and a science.What you should depends on where they are with their late rents.

For bookkeeping it depends on your portfolio.A portfolio of 1-3 SFR's can likely be a DIY project.For 4+ you may want to consider outsourcing.For tax prep, you'll likely want to have a pro handle it regardless of the portfolio size.

Is it right that short term rentals are considered as licensing the property for use (similar to a hotel) and not a lease for a long term rental and therefore do not require a brokerage license to provide management services that include price adjustments? 

I provided a free rent back for 2 weeks so the seller could get her funds and relocate.