My current property manager wants to charge one month's rent (plus 10% of all rents) to manage a property newly vacated.

Interested to compare notes at the EOY and see what is shows.By the way I enjoyed hearing you at the NARPM Broker/Owner Conference. 

I enjoy making good relationships.

https://www.houfy.com/help/vacation-rental-agreement-templat... 

Enjoy the journey! 

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

All,It is my understanding that I can not use a 10% second home loan and put it in an LLC to reap the tax benefits if I STR the property most of the time. I am wondering if I create an LLC to use as a managment compan...

I can that STR'S are definitely riskier than a LTR.Everyone needs a place to live, everyone doesn't need to go on vacation or travel.

Agree on all points about the mother, lets hope mom keeps kicking and enjoying life!

Indeed, it's a numbers game, considering that you're not gonna live in the property.Of course, if you want to buy a vacation home or a short-term rental that you can use for yourself, it's another story as it wouldn't be a pure investment.