That is about the ONLY way that out-of-state can work in my imagination....You live 2 miles away, you are ok going over 3 times during a month to collect....

I can only imagine how good this day must feel for you.

I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing  will be the exception and require those docs up front. 

Could you imagine having a bunch of STRs in Dallas and then the city randomly pulling the rug out from you?

I can't imagine you would get much appreciation. 

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

If you’re curious about how it might play out for you, just imagine chatting this through over a cup of coffee.. maybe not a perfect latte art scenario, but real talk about your goals, concerns, and the markets that might fit your style.Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

Can only imagine the nightmares of dealing with disputes between occupants:(

but generally - new accounting and property tracking softwares fall short in one of two places: 1) they don't actually generate financial statements that a CPA or Lender will approve, or 2) They can, but the learning curve is so steep or convoluted it's impossible for you to get help if/when you need it (I imagine this is why this thread is a little slow right now)Have you asked your accountant what they think will work best?

I have rental agreements for my LTR but couldn't imagine using that for my STR.