I like that one had not heard that before .. that will smoke them out.. 

Steven, thanks enjoyed the post.

I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.

It also sounds like you enjoyed the hosting process and the communication with your guests and potential guests when you were handling your bookings yourself.So I say why not take back control of your property's bookings, get back into the game and save yourself some money? 

I earn much higher returns than I ever did as a rental investor, and don't have to lift a finger after the initial vetting discussion.That said, some investors really do enjoy building a side hustle business around real estate.

First, that's what you can afford, secondly your new and you have no idea what the roller coaster feels like yet so sitting in front raising your hands on the big drops and enjoying it may not be the case. 

STR you personally can enjoy the property too2.

So, does it mean that American Modern is better, or is it just smoke and mirrors?

They just smoke weed inside and have kids... so their window is to air it out.

Go over it slowly, highlight the really important parts  and be very clear with expectations and possible consequences.Second-  Do  a walk through video  (3-5 mins) clearly showing the condition of the house at the date you acquired it, open blinds, show smoke detectors, show any damages-- anything good or bad.