There's also many good books by people on the podcasts, including the hosts, that are published by BiggerPockets.

You’ll find post after post where the STR host is suing the LTR property owner for the rents they lost because the repairs weren’t made the same day and their guest cancelled. 

I see no rationale where they deserve an STR permit over a STRs that provided proof of paying transit occupancy tax and being good hosts (few complaints/issues, etc).  

Sometimes properties with clouded title are sold using owner finance.5) Talk to a property manager to ensure these are good rental areas and the rental income is not artificially inflated by an unethical seller.6) Do the math on the repairs, monthly income, monthly expenses all make sense.

In the same period of time, I could have had that secretary make me three times that amount on clouded titles. 

My name is Kasey and I have a team, ROI Realty Partners, and we host quarterly meet ups! 

The have a software option that's affordable and links our PMS Hostfully to QBO to automate a lot of record keeping.

@Kia Grine https://www.cityofslt.us/1089/Hosted-Rentals

It depends on the number of Units, Residential or Commercial, Apartment Complex or mix of Single Family and Multifamily.Under 25 unit  - Tenant Cloud, RentechUnder 100 - Then Doorloop/Buildium.100+ - AppFolio, Yardi, Rent Manager.Apartment Management : Yardi seems to be wildly usedSingle Family ( Mixed ) - AppFolio seems to be popularRent manager has a good customer support team.

Lot of great replies on here already - only thing that I would add to consider is getting a few outside opinions from realtors, other hosts, property managers, etc. about the medium to long term outlook for STR regulation in your specific area.