It should be noted that the cases were prosecuted against companies that owned and sold thousands of properties nationwide, not against small time operators, but anyone who attempts to follow the model is better off hiring a well versed in the subject matter attorney and be aware of state specific restrictions (like in NY, Wisconsin and others) on Deed for Contract agreements.  

The pool table collapsed on my husband (that's what happens when you try to move a slate pool table across the room and aren't trained to do so).7. 

Anyone operating an STR in Logan Ohio willing to chat about their experiences?

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

Each should be able to operate on its own.

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

Currently I own a large real estate company and still get some great value out being in his inner circle of real estate operators. 

I'll also add that Bonnie's group is a great resource with operators from 0-Bonnie.

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.

Hi Richard, Do you currently own/operate LTRs?