And the tenant during winter: "I can't sleep at night because every time I turn on the heater, rat urine smell comes out of the vents."

@Bill Brandt @JD Martin to get that kind of cash flow with limited amount of doors I suspect those assets are paid for and nearly so.I like the paid for assets and limit the doors.. much less hassles and sleep well theory. 

The property is a 5 bedroom that should sleep 8-10, with a pool, kids playset, and pickleball/basketball court.  

The accidental genius was instituting sufficient controls to make sure his students are doing the work they're supposed to and not coasting their way to failure.If it gets you started and improves your life, it's a worthwhile investment, for you.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Just keep it in your personal name, carry $1M or so in liability, as an umbrella once you have another home, sleep well. 

If I start running it as STR starting in June of this year, do I have sufficient time to meet material participation?

Mold requires water and a food source (dust is sufficient), so it's important to find the source of water and stop it.

I'm unaware of any software that sufficiently manages long-term and short-term rentals.

For example, travel nurses typically work long hours and are often night shift workers, meaning they need to sleep during the day.