We can still choose how much to pay someone to operate it if necessary.

One thing to consider since you are a California resident investing is the compliance requirements for LLCs incorporated in California or operating as a foreign entity here - the rules here are different than most states.  

A car forum that I'm a part of, and I know the owner of the forum, told me that the dedicated app required constant work and updates as phones and operating systems changed. 

Hi Richard, Do you currently own/operate LTRs?

Quality furnishings, attention to detail, and seamless operations helped set the property apart, maximizing its earning potential.

The operations will make or break you. 

A lot of operators don't focus enough on the asset management component and rely too much on the PMs.

In the six years I've owned, operated and sold vacation rentals on the Oregon Coast the investment landscape has evolved considerably. 

-- solid strategy as well, if you go this route I would consider investing with an operator that specializes in this asset class.

This is totally contrary to the way most wholesalers can operate.5.