Thanks everyone  I tend to buy in the Southern half of the US for 3 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

In my experience, the culture at every KW office is one of sharing and mentoring. 

Towns like Jersey City and Union in Union County -- two of the most culturally and racially diverse towns in the state -- look like colored television static, with a near even distribution of each racial category.The Route 1 and 9 corridor shimmers green, reflecting the the vast number of immigrants who have settled in the region from Asia.

Contractors don't "culture their own mold", as they aren't qualified to identify them anyway.

Everything is so spread out here, so there is less of a commuting culture (it's just another day driving to work), plus virtually no public transportation other than buses.

Lots of interesting stuff happening all over the region, Novi Sad will be the European cultural center 2021.

For more culture and diversity look to Tampa.  

Yes, there are a couple of bad parts, but there are also GREAT Areas, MUCH more house for the money, multis are available, your renters have bus routes,  and there's phenomenal culture.  

The one thing that I will say having managed properties in other countries (China and Russia) is that you need to have a firm grip on the culture and the culture surrounding rental properties, land ownership, law enforcement, court systems, etc. 

Quote from @Matthew Irish-Jones: Quote from @John W.: Quote from @Dom Cassissa: If you're taking  % as a manager I would stick to the same cost as what the area management companies charge, I think that $50 a problem thing will end up getting super lopsided if there's a lot of work.Have you considered maybe like a 60/40 split of the equity instead, you take the extra 10% for the additional work/management you have to provide?