DOM can be minimized by a number of different factors including the quality of marketing, rent price, availability to show. 

Fully furnished, with all utilities included.

When its included in a lease for real estate then the laws pertaining to residential rental security deposits in your state apply but when its separate you should have more leeway to get some additional deposit to protect you.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I have a included a link to a PM locator tool ready to go with recommendations in your preferred area.

A real estate lawyer can help you navigate the specifics, including ensuring you don’t inadvertently trigger any unintended tax consequences.A few tips to consider:Check with your mortgage lender: If there’s a loan on the property, transferring it to an LLC could violate the loan’s due-on-sale clause.

I suggest gradually assembling a reliable maintenance team that includes HVAC, plumbing, and other essential services.Tenants are responsible for providing access to the property.

@Melody RaultA lot of specialized tax firms, including mine, serve clients nationwide, using technology.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

We currently own/manage properties across a few states including Hawaii so we aren't new to managing short term/mid term rentals.