i would stick to upto 4 units not to cut out the house hacker buyer pool 

The FED keeps hinting at rate cuts but once they make their first cut, the market will probably start falling because it means the economy has slowed.

Protecting my assets is important but the cost of establishing and maintaining that structure shouldn't cut into the bottom line so greatly either, or should it?

To protect their time and try to, you know make some money, many PMCs that do placements for less than one-month of rent, cut corners like:- Not putting it on the MLS or offering a ridiculously low split to other agents, so those agents do NOT show the property.- Only doing showings at specific days & times, leading to longer vacancies- Requiring prospects to fill out applications first, before scheduling a showing to protect their time invested/wasted (which turns off some prospects, leading to longer vacancies).- Charging owners for pics- Charing inflated application fees to make, you know, some money for their time spent- Some even charge tenants MoveIn Fees and other charges to make money.So, don't be short-sighted and expect PMCs to work for free!

I just post a reply to a very old thread so I am just going to cut and past it here.

You couldn't buy fractional shares, house prices were running, **** San Jose after the tech collapse looks a lot like today after the tech job cuts.

We got our partners by talking to a bunch of them and finding the ones willing to be on the cutting edge.

The hotel lobby is real and over-saturation of markets cuts many ways, including pissed off neighbors with greater time to show up, run for local offices, and lobby politicians to regulate STRs in their communities than anyone operating out of state.

You're not cut out to be a landlord.

He does not handle evictions themselves, just the collections.It's been nice to cut him loose on deadbeat tenants, and get back payments over time for judgements against them.