Set aside so much cash for daily needs. 1 or 2 years living expenses.2.  

In a court situation, would email communication suffice for appropriate documentation for daily exchange?

They claim to speak with around 200 people per day (not an exact number, it varies from day to day, but this an average), and they upload reports/logs for me to review daily.

The pests are likely caused by something the tenant is doing (not storing food properly, keeping the place clean, etc). 

Is there a way to pass along the cost to tenants who have chronic problems with causing smoke by burning their food etc.?

I live outside the USA so that my money stretches further, I have better food, better lifestyle and I am out of the rat race in the USA.

I haven't post a vacancy on Facebook market place for about a year or so...it use to generate 100s of inquiries/responses daily, but I posted a vacancy a week ago and it hasn't generated a single inquiry.

It is important to have eyes on pricing daily in my opinion. 

Good PM's have to defend themselves on the daily because goof ball owners have no clue of what they are doing, look at the lowest price, and pick terrible PM's. 

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.