Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Utilities are OFTEN overlooked so reach out to power, telecom, gas (or go all electric), water, and sewer to make sure you understand what it would take to get separately metered services from the primary house.

PM is a service business and time is very valuable.

Some operators really need better training and education and drag down the great operators who are doing it right and offer a great service and product.

I’d love to hear about your goals and what you’re hoping to achieve here.

Not every STR has to be a 4 Seasons and even those I've waited on service before and it's not like someone was breathing down their neck waiting to revoke their hotel license when it happened. 

They are either a combination of a Maintenance/Tenant Management business or Accounting/Real Estate sales/Tenant management service. 

Quote from @Nadine Wallace: You can do simplisafe with/without Wi-Fi, but you will need cellular service.

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

Congratulations on your impressive success since 2021—that's quite an achievement to have closed over 100 transactions in such a short time.