Anyone investing in the str market should understand the ins and outs of the companies that dictate these terms. 

Owners also want to pretend that it takes the same amount of time & expertise to manage any Class of property/tenant - when common sense dictates that lower-demographic properties/tenants have more tenant screening, maintenance and rent collection challenges (to name a few).Also, most owners really don't value their own time!

Does your state law dictate how notice is given?

What is this "expert range" you dictate we all should adhere to?

An operating agreement can be used to specially dictate what authority each member has in the day to day operation (e.g can unilaterally approve expenditures under $100) and what type of actions require a majority or unanimous vote (e.g. expenditures over $1,000 or the decision to sell or buy property).

Hi Helen,I have clients actively investing in a few different FL markets.I will say your budget for both the property and furnishing will dictate the type of returns you can expect.

These guidelines are put into strict templates that dictate which bids managers can accept, and at what price points are acceptable.

The relative % ownership in the partnership should be dictated by the operating agreement that you or your counsel will draft.

Freddie/Fannie dictate that in their guidelines.  

Don't choose a RE genre right now, the houses will dictate what you do.