For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).

Somewhat unrelated, but I do not allow BiggerPockets to do business with partners who require their clients to sign agreements or otherwise agree to terms that prevent them from leaving what they feel to be honest reviews on BiggerPockets.

I'm happy to share some tips about purchasing an STR in a different state.I joined Stayly Academy, which helped me secure a lease property under my business name and utilize it for short-term rentals.

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

Rates and expectations vary depending on the relationship and the investor's comfort with risk.

." - Exactly it's a business and there's little grey area when PM is done correctly. 

They will still do the occasional flip, but mostly when a deal presents itself AND they may be between new construction starts so need to keep their teams busy.

That being said, it can be the most satisfying and cash-flow-positive business around. 

If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.

I’m new to the rental business.