Established a relationship with a local realtor with same interests How did you finance this deal?

Establish a local network of trusted professionals, such as a handyman, plumber, electrician, and a local real estate attorney who can address urgent issues promptly.

Or he will have to pay a lot to buy it down. 

its a lot to go in depth on 

My wife doesn't want the rental headaches that come with dealing with tenants and potentially ruining the property and having to spend a lot to rehab it.  

As Kate mentioned above there is definitely some marketing efforts needed but once established its about keeping up good reviews and that's all about the guest experience.

I was told the best thing to do was establish an LLC as I begin my venture. 

Time sink: takes so much effort and time while working full time.Option 2: Buying Rental Property in a Cheaper MarketPros:Time to cash is immediate is about 40 days from closing time.Landlord friendly: which means eviction and rent control in LandlordDiversification: Investing in a different location spreads the risk.Property Appreciation: Some emerging markets might offer significant appreciation over time.Established Rental Market: Easier to find tenants in established rental markets with a high demand.Potential to build an ADU: i can build on the property land.

Keyrenter is an established residential property management company with close to 10,000 properties across the country.

Other tips to raising PML would be to establish your online social media presence.