You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.  

Those who blow it off eventually lose eligibility.To ignore the correlations is nonsense.

You don't want your calendar blocked at all, you may lose a booking from someone else.  

Let’s say with your plan they make an extra $100 or $200 in fees and you lose $1000 or $2,000 in bookings.

The problem with that is that now you're no longer tracking what you've paid to actual vendors, so you lose the ability to issue 1099's and know what you've paid who at the end of the year.  

It’s a lose-lose scenario.The only real winners are the lawyers and politicians.

If you have high W2 income, the amount your STR makes (or loses) will be peanuts compared to the tax savings.

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.

After the Paradise fire Butte county lose nearly two-thirds of its population.

If you just want to build your cash reserves then flipping is the way but just be careful - that too takes a lot of work and research to make sure you don’t lose money.