Like others have said, you don't need an LLC to get started with STRs.If you own a single unit or even 2 or 3, simply make sure you have the best insurance to cover any issues as well as an umbrella that can cover any excesses.Plus the major key will be maintenance.

On top of that you have operational inefficiencies that local investors simply don't have.Some of the absentee (OOS) slumlords are giving all of us property owners a bad rep here in Milwaukee.

They do not know the entire story, so the rates and terms offered are just simply teaser rates to make you interact with them.

Most likely once you cut open a hole in your sheetrock you will se the 2x4 wall framing, and more sheetrock, which should be doubled 5/8" fire rated sheet rock.  

I would simply record things when they actually happen FOR YOU.

And I think one of the WORST ways to go it is "find an agent who also invests" because there going to pump JUST what they do as being "the way", because it's what they do, so now your pigeon holing yourself to "A" persons personal preference.

I realize each broker her their own which I am happy to sign but I haven't seen this before and gives me pause simply at the perpetuity for 2 years.

His claim was simply untrue.

We simply don't have enough homes for the number of people who want them. 

I mean, no one wants to drag down someone else's mood simply because you are aren't feeling great.