I really think that the biggest pros and cons depends on YOUR goalsI self manage my properties with the help of a VA and I like that I can be hands off now that my VA is trained.

That's really cool and I suspect my dad mentioned our operation out in KC to him.

Find GP’s who are pretty transparent with things like monthly financials, monthly summaries of operations, etc.

We have operated under the belief that if we have proper insurance the llc was not needed. 

We operate primarily in the Southwestern US and New England area.

Like aircraft checklists and vehicle operators manuals (the -10s), one can benefit from extensive research, trial and error, and deliberate improvement principles gained by the many that have gone the path before. 

We've also launched a gourmet mushroom grow operation and plant nursery.

Trying to manage a $1M Airbnb rental while it sounds good you got $6500 in bookings you still have significant costs to operate it with maintenance repairs, utilities etc.

I vetted them as a potential PM and one thing I learned real quick is that they don't have "offices" and people in the areas they operate in.

Question to folks who are operating a STR in Unincorporated Jefferson, County, CO.