Less risk as far as a debt note, that's true, but debt is not the only risk to be managed.

I recommend that they use a property manager.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

I'm in Florida and self manage and can't find this type of form in the PRO member landlord forms package.

Start as a co-host and work under a vacation rental management company in the area to learn the ropes.

If you self manage short-term rentals it's well within reach. 

Not only do some landlords allow their personal and political ideology to be in the mix, but many do not understand how to manage this population.

On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level. 

In real estate, I don't change locks, screen tenants, evict tenants, inspect properties, or finance my deals - I have property management, property inspectors, and mortgage lenders that do this for me (outsourcing).

The annual 2% management fee comes out before you get your principal back.