Do anyone have any  experience of automated tools like CRM integration, Automated lead generation and mass outreach, customer management and appointment booking etc.

First off, the fees for this fund would dissuade me. 8.5% of EGI (6% for property & 2.5% for asset) for management?

Rinse and repeat as many times as life allows, or convert to buying pure investments.Consider employment with a property management company.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

I did not include vacancy, repairs, management, and other cost, When determining what I was going to rent them out for.The one critical thing you never told us is what is the current rent and what is the current market rent.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

I’m inclined to hire a property management company, but still considering all options.Problem is - the property is UNIQUE.

I am an out of state investor.How have dealt with this issue>Neal Schadler There are multiple property managers in the "build your investing team" section that can help here.