Keep in mind, though, it will require significantly more time and effort but offers the potential for higher rewards through forced appreciation.If you aren't wanting to be as hands on with your real estate and want to approach it more as a side hustle while you focus on your career, the turn key option may be better.

Firstly, transparency is key.

Hey Nick – You’ve already gotten some solid input on the tax side, but the key here is how you structure everything from the very beginning.

Ive hired a more hands-on smaller PM that actually has recommendations and has already proven to be more effective; Ive got 2 paying tenants and one leaving cash-for-keys tomorrow.

There is a key difference between the two.

If you are selling to another STR buyer, many would like a "turn-key" property with furnishings to be left in property.

Knowledge is key.

Simple, the MTM tell them they need to go, I am not certain of PA laws, but I think a 30-day notice is sufficient, and or cash for keys 

If you’re set on mobile homes, doing your homework on the parks and properties is key.

The turn key providers have moved on by the time these issues manifest themselves.