I'm sure your occupancy will go up!

why do you think Morris got away with it.. he pocketed millions and for sure knew what was going on. ???? 

I would also make sure you have a good amount set aside if something hits the fan.  

@Sidney Johnson just make sure that your finances and relationship are in a good place to attack this from a position of strength.

I own three in Milwaukee and they are my problem children for sure. 

Looking forward to hearing your thoughts and continuing to learn together!

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

Currently, I’m in full research and networking mode—learning, looking to connect with local investors, and exploring my first investment.

Many investors that I have worked with utilize quitclaim deeds or other ways to transfer ownership after the fact, but like David said you need to make sure it will not jeopardize any financing, etc.

That means learning how to vet a manager.