Most PMs concentrate on marketing, and at least somewhat neglect operations.  

It could be a game-changer for streamlining your operations.

In my opinion, even if you partner with a local PM company or turnkey operator your returns will drop significantly.

It's not easy, but all successful agents operate like a business with daily tasks to attract leads and follow through on those leads.

So this is not something new, I've used Flat Fee agency before and I know how these guys are working.It' small shop operation, 3-6 guys, with 1 TC.

In the state of Florida, you should have two bank accounts, operating and escrow. 

I have managed STRs for 10 years in Los Angeles, so I understand the business and operations.

To clarify, I have been studying real estate for several years, but have been otherwise engaged in operating  other businesses that my wife and I both own, both as CFO and CEO roles.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

Or is it a situation that the company insuring the property has not obtained appropriate licenses to operate in Ohio, therefore I won’t be covered in case of a disaster?