Hello everyone, I am analyzing the Indio, CA market as a short term rental investment and we'd love to speak to someone who is self managing their own vacation rental.  

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

Often times, if they come in through VRBO or AirBNB, they are looking to get something at below market rates or market.

Once the time is right, with enough research, I would jump into a market (hopefully local if affordable) and get started.

A property that I own was on the market. 

I would check your market analysis.  

off market, novation agreement How did you finance this deal?

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

From my experience, this is a very seasonal market.

A good manager will handle everything from marketing to maintenance and tenant screening, saving you time and stress.Vendors and LandscapingBuilding a team of dependable vendors—like landscaping companies, contractors, and insurance agents—is critical.