Remember if you do… The STRs that win are the ones unlike any in the local market and also give the extra bit more of appeal and experience.

Rent out any extra rooms in your unit - live in the basement if possible to rent out all the bedrooms. - Goal is to generate as much cashflow as possible to pay down mortgage to refinance and get rid of FHA or PMI.

@Raul Mena There’s really no need for an LLC at this time, but landlord insurance and/or an umbrella insurance policy may be a good idea to give you extra protection because of those other people living in your home.

I told them I would bring them extra flashlights, batteries and water but they should get themselves perishables.  

I'm being extra conservative right now, which is becoming a challenge on finding properties but I'm willing to do that then get in over my head.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

It's important everyone is extra careful! 

@Seth Mattox it can be done from a distance, but I think the quality of service will be sub-par and it will take a lot of extra effort.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

For instance I had a special case where I billed the tenant an extra expense monthly on top of the automated rent collection, so I add it as an expense and it would automatically email them and notify me when it was late of course.