Take a look at @Avery Carls blog post about the differences.The bottom line is to work with a CPA who is knowledgeable about these rules.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I am trying to write a blog post but it says I am only allowed 150 characters.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...

https://www.biggerpockets.com/blog/multifamily-dscr-loans

I recently wrote about this for BiggerPockets: https://www.biggerpockets.com/blog/dollar-cost-average-real-....

It's a struggle starting out and I don't think it's talked about enough in more of a blunt way, in blog posts or any article on the web, everyone seems to softly speak about the introduction part that requires money.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Here are a couple of my blog posts about it in my International Appraiser blog (www.InternationalAppraiser.com).https://www.internationalappra...https://www.internationalappra...As a reader of International Living, I have yet to see an article entitled "Ronan McMahon made me rich!"

But we are human and can't catch it all (Real estate isn't a game like Pokemon).Turnkey isn't completely and entirely passive (I stressed this many times in blogs, video's, podcasts, etc...).