Recognize that there are obligations associated with being a homeowner.

We've looked into and are pretty convinced we would like to make an LLC to manage the property (although if anyone has any reservations about that, we're open to other perspectives), however we aren't sure if we should make the LLC in the state we are buying the property in or if we should make an LLC in another more "corporate friendly" state.

They're all corporate booking sites (Airbnb, VRBO, Booking.com, etc.) 

One big corporate owner runs the show and you pay when they want to do anything to the complex.The 25% looks pretty good on paper.

No obligation, but lots of free advice and guidance.

ALE SolutionsTaCaresTHD HousingHousing HQUnited Corporate Housing(And I've also gotten from Airbnb and Furnished Finder)

No obligation, but lots of free advice and guidance.

I think they meant their Corporate Office.

Mcdonalds most are franchised owned and not corporate.

It can develop wealth over time and generate passive income, but it also costs money and takes time to complete.Determine how much risk you can tolerate and whether you are ready to take on the obligations and any difficulties that come with being a landlord.Financial Independence Goals: Determine whether investing in real estate can help you reach your financial objectives.