Quote from @Chris Magistrado:The point he's making is that the agent must take responsibility for building and maintaining their business, and the Broker won't play much of a role.

A lot of family businesses cannot stay in business upon parent death due to no longer getting the prop 13 property tax discount.  

Admittedly, I am not one that typically finds paid mentorship very valuable, but I also respect that my degree is in business with a focus on real estate, and my first job out of college was in real estate (so it is a little hard for me to take my 20 yrs of knowledge and rewind it to try to view mentors from a completely fresh lens).A couple points: I view mentors, especially these expensive ones as a catch-22. 

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.

Is the mid term rental business that you have a 'rental arbitrage' business?

Hey everyone,I'm looking to get started in the short-term rental business and could really use some advice.

Quote from @Francisco Solano: I suggest you ask a business attorney in your state for this basic template.

Everything looks great and a year later that employer goes out of business or lays everyone off? 

I am currently a student at Florida International University, studying International Business.

They eventually sold their business to another company and things were fine after that.All the others were easy.If you are going to switch, you might want to try that after a resident moves out.