My goal is to work with those existing property owners to remove them entirely from the day-to-day operations of their STR, making their property a passive revenue source. 

How aggressive we get depends on several factors including experience of the operator.

i am considering syndication as well, but in the meantime i would like to find any lenders that might be operating in this realm. 

Find an experienced operator wanting to operate in your location.

I plan to hire PM company to handle the day to day operations, marketing and tenant screening.Thanks,David

Develop relationships with different providers so that you know how they operate and how they charge before you call them. 4.

So in theory it can't be a LTR if we move out someday, but a lease naming a tenant as "manager" probably gets around that.I've thought a bunch about how to improve the property's cash flow, and there's lots of marketing and operational low-hanging fruit before we get to capital improvements. 

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

Hey @Michael Ghim, as far as financial account structure goes, think about what will work best for you in your day-to-day operations.

Once you get big enough you will want to have a separate operating account but with just one property it really isn't necessary.