To have a successful STR I HIGHLY recommend listening to this episode of a podcast: https://podcasts.apple.com/us/podcast/on-the-market/id161508...Once you listen to this, and any highly involved STR operator will agree, you will find a lot of the fundamentals are lacking in Kissimmee or you have to have deep pockets to hit those.I won't spoil the episode, but if you listen to it (and anyone out there that does) feel free to DM me afterward and I'd be happy to talk details tailored to your situation on if you're on the right path or maybe I can help.

Most will have large scale marketing engines where they spend thousands or tens of thousands a month, and operate or license time in call centers.

A car forum that I'm a part of, and I know the owner of the forum, told me that the dedicated app required constant work and updates as phones and operating systems changed. 

You also have to build in holding costs, investor capital, operating costs etc.

-The mention of syndication being less risky than HML...I'd suggest it is more risk, possibly much much more since you don't know whether you are good or bad at vetting the operator right now.

Most operators post on multiple STR OTAshttps://www.biggerpockets.com/airbnb-calculatorGood luck

Keep in mind that owning rental properties, even if it is a house hack, means operating a business and thus should be treated as one, respectively.

If you are a STR operator how do you deal with remitting and paying tax?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

We operate dozens of STR's around Austin.