But I am blowing that timeline out of the water by acquiring properties much faster that anticipated, which is nerve racking. 

Vacation STRs definitely require nerves of steel as so much is unknown and out of your control.Melinda O.

For example, any custodian, janitor, employee or agent of the owner or manager of a residential building who exhibits a residential unit therein to prospective tenants, accepts applications for leases and furnishes such prospective tenants with information relative to the rental of such unit, terms and conditions of leases required by the owner or manager, and similar information, is exempt.For more information about these and other Wisconsin property management requirements and exceptions, please contact the Wisconsin Real Estate Examining Board.Before hiring a property manager to manage your Wisconsin rental property, you should always check that he or she is licensed appropriately.

There is opportunity cost that has to be weighed and examined as well.

Account ClosedSomewhere in year one - you should put in - "pick a target market" and "examine/study the listings in target market".

You can search the title at the courthouse and maybe you'll find all the documents that affect the title but then you have to examine them and understand what effect they may have. 

Remember analyzing the deals, putting in contingent offers and doing our due diligence on the properties every step of the way are the safe guards that keeps us from not having to rely on our emotions or nerves on these deals in the first place.

First of all, you should closely examine your State's RE licensing laws.

:)Good luck on your exam in October.. 

. :) Also, it sounds like you may have some nerves and are wanting to get out of the contract.