The investors must be provided a Private Placement Memorandum, subscription agreement, and operating agreement.  

The biggest thing is vetting the operator as they ultimately drive the returns.

The main document that I would like to get review by an attorney will be the operating agreement.I suggest this firm over others that I contacted, their fees were down to earth and did not try to up sell more documents or entities.

Melanie:You say I sound like an operator, but you may have missed that I'm talking about my PASSIVE investments.  

Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey. 

The operator may trade off the longer term benefits to keep a high quality tenant in place.

But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.

These repairs are through a contracting company owned and operated by the PM. 

By the most important thing (if that's what you're doing) is to have a really good operator who knows the laws, has experience and is above board so they won't leave you high and dry. 

Any luck on motivating realtors in the area to actually get operating expenses/lease agreements for Jackson County specifically George?