Pickings are slim around here for good ones, and what makes a good PM for one LL isn't the same criteria as for another. 

We are open to STR and just applied for a license on our current place.Looking off-market now because on-market is so slim. 

Unbeknownst to everyone until of course we had to replace some drywall and all these needles came pouring out.... hahahahahaha I had some experience too, except it's bunch of pills.

You aren't going to get any of that information in advance of making an offer, outside of what they are providing which is usually a little slim.

Slim chances of success, but cheap and easy to get started. 

Having a hard time to find anything remotely comparable to this home in CAHowever being a remote landlord feels like a tough pill to swallow hence the confusion. 

Tough pill to swallow, I like cash and certainty over sub2 all day but that's my preference. 

However, the projected $40,000 annual revenue seems to only offer slim margins at the moment.

All that being said, beggars can't be choosers, and when you're going after your first property it's more important to get your foot in the door and learn the business than it is to make a killing on your first unit - i.e. if you have to make a slim margin to get a great case study, that's better than trying to charge 30% for something you've never done before and spending a year trying to convince someone to roll the dice on you.

I would be coming in through an LLC, so feel comfortable with liability protection as it relates to other assets, but still, will be on title, so there is exposure.As a real estate guy I'm still in growth mode and am having a hard time swallowing the dst pill.