If they fail to comply, you may need to involve legal counsel or contact your state’s real estate commission.Hire a Reliable Manager: Finding a professional, responsive property manager is key.

Anyone operating an STR in Logan Ohio willing to chat about their experiences?

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

Each should be able to operate on its own.

Currently I own a large real estate company and still get some great value out being in his inner circle of real estate operators. 

I'll also add that Bonnie's group is a great resource with operators from 0-Bonnie.

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.

Hi Richard, Do you currently own/operate LTRs?

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.