However, I realize I need to focus on cultivating more investor relationships that would support such opportunities, as the ones I currently work with prefer to operate independently.If you don’t mind sharing, how did you go about building your partnerships and establishing those key relationships?

I do a lot of business on the nearby barrier islands of Anna Maria and Longboat Key.

Once someone gets the keys and moves in it is a different ballgame and getting them out is tough once they're in there.  

One that involved firing their entire field operations team, which I thought was key to their success.

—will be key to success!!

Based on our experience, here are a few key questions that could help you evaluate a new PM:Revenue Management & Forecasting: How do they set realistic revenue expectations?

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

Hi Petya,The key question is whether the rental income from this property will cover your monthly expenses, including the mortgage, taxes, insurance, and any potential maintenance.

Like others have said, you don't need an LLC to get started with STRs.If you own a single unit or even 2 or 3, simply make sure you have the best insurance to cover any issues as well as an umbrella that can cover any excesses.Plus the major key will be maintenance.

Meanwhile, the buyer remained patient, saying he was willing to wait.