Can they be more hands-off compared to other types of businesses?

I listened to all the previous hearings and the general sentiment was acknowledging that STRs are critical to the area's massive tourism industry and just banning them is not wise for the local economy.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Even if I have a claim every 10 years I will have saved $80k over that time period compared to the people who pay for better insurance.

Regarding DTI - mortgage industry will alllow around 40%, but tenants tend to pay a higher percentage of their income to rent/housing than homeowners.

A little about me: My husband and I live in the SF Bay Area, we have a 3 year old and a newborn and we both work W2 jobs in the biotech industry.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The more rehabs you do the better understanding you will have of the market for contacting work and materials.Doing a rehab every so often prevents you from being sharp with your budget.For those with limited exposure, ask others in the industry and always run your numbers based on being overbudget and overtime. 

Historically industries have been killing competitors in this way.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.