A STR manager can not maximize the performance of a MTR.

I'd just reconsider the economics and pay someone to do some really good underwriting and if you don't understand zoning I'd get a zoning attorney. we self perform all of our own zoning 

So, yes, there are REITs and even private LPs that do not have personal guarantees on their loans, but when you are starting out: on a commercial loan you will very likely have a personal guarantee on the loan for all performance of the loan.  

Question: Is it worth it to perform a cost segregation when you rent out spare bedrooms ? 

Once I chose someone, Vitudesk set me up with a manager who would assist me in evaluating the caller's performance, making suggestions to improve results, and monitoring the caller's screen time.Sometimes, it can take days or weeks to find someone good, and it can take months to find someone who is good AND is in it for the long haul. 

As most real estate investors will tell you, the beauty of this asset class is that is often performs better as it ages.

Appreciation is just the cherry on top.The last few years Toledo somewhat caught up with appreciation but I believe we are capped now.It's a slow moving market and always behind the rest of the country.There is just not enough demand/infrastructure growth like in other markets to support continued appreciation.Historical data shows the Toledo market appreciating at the pace of inflation which is nothing to brag about hehe.IMO, it's a cashflow play and you should consider building a larger portfolio because it will be safer.Owning 1-2 properties can be a "hit and a miss" and really not the providers or PM's fault.There is a high likelihood of turnover so it's important to build a larger portfolio.If you experience "drama" on 1 or 2 properties, the other 4-5 are performing and can subsidize any losses incurred on the few that temporarily aren't performing.Wishing you much success

I don't believe in profiling people via race/ethnicity, but rather, their CREDENTIALS and their individual performance.

I currently have an airbnb in the Tampa Bay area which is performing well.

The condo has to perform in real life.