For most single-state investors, a local LLC is the practical choice. 

Practically speaking, it’s going to be quite challenging unless you spend significant time.

Oh, and the platforms are actually more friendly to the buyers than sellers. that is why they will take money from hosts on practically any complaint from a guest, or suspend a persons listing until they can prove/disprove any guest allegation.

What limits home-buying beyond inventory, rates, and prices are the lending practices now.

I know, there are plenty of red flags there, but I do believe it is worth the risk when I consider how happy it makes my wife, how life-changing it will be for the family, how minor the financial impact will be on me, and how it gives me the opportunity to practice the steps of real estate investing with forgiving tenants.Finally, I am going to attempt to self manage as nothing comes close to cash-flowing if you include PM costs.

I need a suggestion here to handle maintenance and cleaningTURNO for automated cleaner payment and scheduling along with inventory trackingQuickbooks / Bookkeeper to keep my PM business in alignmentChase bank & trust accountI'd like a better method for managing linens (bulk order) and distribution.I'd love to compare property management / cohosting agreements with someone to share best practices. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Also, I'd lease out the other bedrooms for additional income as well as practice screening, leasing, and interpersonal comms.  

What's common practice?

Their practices are neither transparent nor honest, and I would not recommend their services to anyone.I have money owed to me and they have not sent an ACH even though they have my routing information.