Maintenance, disputes and anything else pretty much falls on me if I want to have a successful property.The major difference is my first one is in Glendale, next 2 are in Phoenix and the 4th one is in Chandler. 

I use Stessa for my STR accounting and am pretty happy with it overall for what it is and the value I get.  

It was a pretty annoying process and I'm not sure if its actually worth it, but my husband is risk-averse so here we are.

If you're planning on managing the rental unit yourself, you'll learn a lot about owning rentals pretty quickly.

That's a pretty awesome place to be in!

The smaller new builds still go for a pretty penny in my area and it's not affordable compared to what else is out there.

Pretty much the same except you don't own it and would need consent to make changes.Also the owner gets all the tax benefits as they are the owner. 

@Leslie L Meneus, while the forums can be pretty good, in-person networking and sharing ideas is much more valuable.  

When starting out it’s a pretty good deal for someone lend you all the money and you give them 50% of the profits.

After getting the operators and the deal it is pretty passive.