PM fees are usually around at 30% and there's going to be high turnover involved.

My current CPA is not well versed in the realm of short term rentals, finding one that is has been on my pipeline but with all the work involved with the property setup I haven’t gotten around to it.

The out-of-pocket cost is simply the closing costs and lender's fees for the financing involved for your purchase.Please let me know if you have any other questions.Continued success!

I’m sure they exist somewhere, but the vast majority of small businesses just don’t generate the income nor the margins to hire the quality of people nor the specialized skills needed to produce without the involvement of the owner willing to wear many different hats, pick up the slack where needed, and work the hours necessary to make the business a success. 

I am so excited to be involved!

If you are expecting this person to go out and source the items and then place them in the unit that involves a lot of work, designer time, and designer energy.One way to get yourself on boarded with a designer would be to make some phone calls and see if they have openings for new clients as far as spending the time needed, because in our business time is money vs a family having their living room dining room and entry hall redecorated, where time is not probably of the essence.

Also, I am involved in rehab and management, so I am claiming my STR income under the Schedule C.Why aren't you guys claiming it under Schedule C and getting the deduction?

It seems like some folks like the idea of having a property manager handle everything for them, but I'd really like to be involved and have say in who lives in my property, not let a property manager decide.

I say this as a person who's done, and is currently, involved in things in other countries. 

, or frankly just well-intentioned government regulators looking to stay active in their bureaucracy (I have personally seen this) get involved, then that same interpretive leeway gives the regulator even more power at the expense of the public interest.