Usually, they take care of exterior maintenance and upkeep plus you have amenities that you can advertise to your tenants.

You post market stats.No one reads these or cares about these.

Quote from @Jonathan Vinas: Quote from @Ashish Acharya: @Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

Anyone can promise you the moon and the stars, but if you're not careful, you will end up wasting time and losing money.

We care deeply about creating strong relationships with our residents and our property owners. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

If they have been paying on time and taking care of the place, there is no need to screen them.If they want their friend or family member to live with them, then you screen that person and decide if you want them living there. 

Quote from @Anne Christensen: Hello,I am most likely going to be investing out of state but I have selected which state just yet. 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Google is definitely strict about virtual addresses, so I’d tread carefully with services like iPostal1.