There have been times when I do a diy and it comes out great and then there is times when it does not.

@Jeremiah Dunakin if you can DIY manage and do it well, great!

The Application for Vacation Rental Insurance from CBIZ specifically asked if the home has a fire extinguisher in the home. 12 - First Aid Kit.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Most DIY landlords unknowlingly violate these all the time.

Some of those that will write them, require that they be contractor built from kits or only __ yrs old.  

Don't DIY.

Buy more (financed or not) and do a DIY CSS to accelerate depreciation + bonus depreciation to bring down your taxable amount 3.

When it comes to business, EVERYTHING must be in writing - via Partnership Agreement.2) Sure. 3) Depends on what your Parnership Agreement states.4) If you're local to the property, it's a great learning experience to DIY manage.

Most of this board is DIY landlords who swear they know better than property managers.