I am just starting out and have 1 STR.Would love hear the pros/cons that you took into consideration when deciding how you want to manage your STR.Self managing STR properties, from afar, while maintaining other employment, is only a possibility because of the new technology made available in the last 10 - 15 years.  

I am curious to learn from others as well  :) I looked at GHL for my CRM but felt like it was full of features I'd probably never use and the cost was considerably more than what I ended up using: Monday.com.

The population continues to rise, increasing the demand for housing.

Rents generally rise over time, and while mortgage rates are high now, they won’t necessarily stay there forever.

If the price of a home is $5,000,000 in NY, how much more will it rise  over the course of 5-10 years vs here in Detroit?

A $107k NOI with a 43% expense ratio is impressive, even with rising costs like taxes, insurance, and utilities.

I have riders in my policies that boost my stated dwelling coverage by 25% in case costs rise.

This approach balances tax efficiency, financing goals, and family considerations effectively.This post does not create a CPA-Client relationship.

I did confirm that in North Carolina, per the Statute of Frauds, any agreement lasting a year or more must be express, in writing and delivered to both parties, along with consideration (which I remitted via wire). 

@Marc ZakThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.