Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA. 

However I have had to replace some major appliances recently which had put my in the defecate and added to my motivation to sell (Hot water heater, two refrigerates and a washer/dryer).

But as soon as you make a direct booking site and start an escrow account (among other things) you then cross that legal boundary between a co-host and a property manager needing a broker license (depending on your state).We CO-HOST for others and remain separated from those legal parameters that would consider us a property manager.

Also price is irrelevant if you dont have a good team and a good contractor who you communicate  well with. 

And as John said, have as many remote/wifi controls like locks, thermostats, garage door openers, sprinkler controllers (I don't have cameras, but many do).

The deal was contingent upon 60 day due diligence and a clean Phase 1 environmental assessment.

I’ve personally helped investors across the US, and with over 150 flips under our family's belt in San Diego and a growing BRRR portfolio, I’ve seen what works - and what doesn’t.

Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.

With many heirs and a 50-year history, you have no idea what skeletons could be hiding in the closets.

They have equity and a great first interest rate.