.- Monthly cash flow from day one- More properties that are fully separated metered -- gas, electric, hot water all metered for individual units- Significant increase in property management -- evictions, late rent not because somebody simply forgot to press "send," potential domestic issues, issues between tenants, etc.

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

Electric stove, hot water heater, etc.I hope this helps. 

Mainly you're responsible for the sewer bill and to provide heat and hot water, but not things like air conditioning.If this was winter, I'd be concerned about pipes freezing if the relationship isn't going well, but a 10 year tenant probably won't let that happen.I don't really know about the downsides of not having a lease. 

I run into this situation a lot where owners buy a property and then they move out for some reason and want to rent out the property but unfortunately the property was not purchased as an investment and the income will not support the expenses every month.If I were you, I would look into a different strategy so you are able to have some positive cash flow every month.Have you thought about furnishing the unit and doing Air BNB, or furnished mid-term rentals?

They need to have a high risk appetite, they probably need to have a connection with and know the country.What I'd do specifically is go and live for a while in Buenos Aires, one of my favorite cities in the world and get to know people there (don't pitch right away).

I would add that the current Utah investment market is red hot and it is hard to find good rental units for a decent price.  

Hi, I am looking for recommendations for cleaners in the Indianapolis area for an Air BnB property.

And I found Air's customer service to be pretty horrible.

American Air and HVAC was the group I used FYI