Being listed on multiple OTA allows users that use alternate OTAs to see your STR and could provide a higher ADR even if you end up lower ranked of the OTAs.Basically it comes down to having all your eggs in a single basket and is too risky for my liking.i am one of those STR owners that corrects anyone that refers to my STR or STR business as an AirBnB.  

I once had what I referred to as the "oldest cabin in the Smokies".

Will itemize for brevity purposes:- Mother wants to move to Saint George, Utah and get a home in a 55+ community- Me (son) has cash and wants to buy the home for her.

Protection from lawsuits is a big item to consider as well, especially in higher price range properties. 

It would cash flow nicely.One item to plan for from the beginning is the exit. 

I have one I have drafted up but would love to compare against others.What are some items you always included in your MTR rental agreements?

Basically almost all the items you mentioned when traveling can be written off to a certain extent.

@Patrick Pan, if I was operating in a state where that was a concern I would just contact their current landlord for a reference.

There's a reason why people refer to the founders of PayPal as the PayPal Mafia. 

LTC is sometimes referred to initial funding.