Rinse and repeat as many times as life allows, or convert to buying pure investments.Consider employment with a property management company.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

So, I’m curious how you are managing to find your deals, whether you are buying at auctions or via marketing direct to sellers.

I did not include vacancy, repairs, management, and other cost, When determining what I was going to rent them out for.The one critical thing you never told us is what is the current rent and what is the current market rent.

I’m inclined to hire a property management company, but still considering all options.Problem is - the property is UNIQUE.

We do the leasing for them, but once we get the tenant in place, turn it back over to the owner to manage. 

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

I am an out of state investor.How have dealt with this issue>Neal Schadler There are multiple property managers in the "build your investing team" section that can help here. 

In 15 years of management and 20 years of investing, I've never had a break-in on a vacant or occupied unit.