If you do a good job picking tenants, you will be fine.

Property manager and assistant property manager (as your direct contact)cheap, fast, and good - typically you can only pick two

👋I work with a lot of investors who are diving into short-term rentals, and I wanted to share a few tips I’ve picked up over the years that can really help maximize ROI.

Pick a listed deal in your area.  

It is your park to run.But there is a cautionary side to this tale- you should pick one of these two options.   

.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

I tell everyone that if the numbers worked putting 3.5% down, why wouldn't investors pick it up putting 20% down?

When you are ready to sell again, you just get the next broker to pick you up and activate your license again. 

now if you could get a seller to be the bank I get that you could smoke and mirror those deals.. but i would think those would be picked over low value or properties in the worst areas of town etc..   

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.