It depends on the location of the rental and the specific state and local laws and license required.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

His attorney said in order to provide a clear title, the seller would have to hire a law firm that was willing/able to do extensive research into heirs, and get them to sign off/away any rights they might have.  

Texas is a hub for investors due to affordable housing, high demand for rental properties, and favorable landlord laws.

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

I don't think most of them know anything about landlord-tenant laws which varies by city in the Bay Area.

CA is a very difficult state to be a landlord in and there is a high likelihood that the PM was doing there best to save you from the headache of CA laws. 

Be very cognizant of the STR and HOA laws and codes wherever you plan to do this.

In many syndications, this notice address would have both the direct mailing address of the syndicator and often a law firm that helped draft the documents.  

@Seth Botner, I think this link explains it pretty well in general.https://www.legalmatch.com/law-library/article/deed-restrict...Here is the pertinent excerpt:Who Enforces Deed Restrictions?