We manage about 45+ STRs and a handful of MTRs.

It still seems confusing.Where do I get an purchase agreement, how do I transfer into the investors name, do I put down earnest money???

For the past 10 months, I’ve been doing a BRRRR house hack with my multifamily, running a mid-term rental on the second floor.I’m looking to scale up soon as I’m wrapping up the last few renovations in my unit and will be handing the keys to a lucky tenant (MTR or LTR).

It's good to hear a positive first hand experience. 

Example, I have a client who recently transferred the reigns to generation 4, yes 4, of running the family REI Trust. 

crazyDo these people just hand over the keys to their car also and hope it comes back ok?

Quote from @Jake Andronico: Just spoke to a developer in Northern Nevada, and he made a comment that was pretty shocking to hear first hand. 

You will learn the most from first-hand experience.

This appears to be a 'transfer tax' instead of an income tax. 

Kind of reminds me of some of the golf course communities out here where if you bought a lot you had to pay the 100k transfer fee for the membership and 1k a month dues..