Highest profit margins, just need to be flexible enough to take on the task of moving around. 

ALL my deals have been off market, Also stop focusing on areas as that is what the internet is telling you.

My broker assured my property manager they will receive the same coverage as before, however internet articles claim  additional insured  "is not covered by the polity for any liabilities arising out of your business.""

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

I don't find anyone abusing heat or air conditioning and since I provide all utilities including the Internet, I have actually come too appreciate the simplicity and additional control I have.

Additionally, setting up leases and utilizing software platforms will simplify administrative tasks.

They can handle the front-end communication, allowing you to focus on more critical decision-making tasks.

The information is good, but you can find all of that on the internet for free.

We are now investing in an advanced CRM that will interface with our PM software for even more customization and automation - including hiring a specific expert to implement it for us.It will be a painful learning curve - short-term pain, for long-term gain.Suggest you make your list as you learn on the fly about what various softwares offer.Check these out: Buildium, Doorloop, Appfolio and Rentvine.Take your time, because switching is another painful task:(

People in the internet could unintentionally steer you wrong and cost you money.