If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

I am assuming this is in TEXAS (I am editing this as I thought I was in the Austin Fourm, I understand now that you might not be in Texas)  as each state has their own set of laws that property managers must follow.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…

Regardless of having or not a license how do you make sure the first investment property sets you for success?

I personally concur .. they charge 6k to join the club they bring in folks who have no experience and set them lose.. with so called training..

With that said I'm curious as to what would be the best business set up (sole, LLC or Corporation).

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

My LLC in this project is set up as an S-corp.Thank you for listening and any color would be greatly appreciated. 

You need to set some criteria to help identify your "quality deal."