If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

I think defining and compensating costs like these helps avoid resentment that can happen when a party has to do otherwise unpaid work or otherwise feels the workloads are unbalanced. 

@Sean ConroyThe cost of building is not going to go down, unless you're looking at the debt component.

The tax code may never define "Airbnb" but there are rules surrounding these type of activities which I will give an brief overview below. 1) My STR goes on Schedule C:  It depends.

Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

This defined rental income as passive income and no longer allowed rental property losses to offset active income.

The sophisticated money is not buying in stagnant markets with poor fundamentals because they can achieve the 1% rule, can complete a BRRRR or because of more favorable landlord tenant laws exist just to highlight what’s rarely part of their acquisition criteria which is a stark contrast to the mindset of most within the BiggerPockets community.Since your focus is specifically on landlord tenant law component I’ll add those who follow the law, properly maintain their property, respond timely to tenant requests, use well drafted and fair leases and don’t unreasonably withhold deposits  find themselves in far less tenant controversies. 

The beauty of being an adult is you get to define success however you want. 

If the lease agreement does not define or limit the rent increase, consider all relevant factors and make a decision. best wishes. 

Georgia Code - Title 16, Chapter 8 - TheftO.C.G.A 16-9-93Georgia Mortgage Fraud Task ForceAbove are a few resources I looked up to help define the scenario.