But I would live in any area that give me the most money, and invest in short term rentals in that area, or with connecting with the short term shop and going into one of the markets they are in.the advice I’m giving myself on the daily is this: AGGRESSIVE PATIENCE.

Another awesome meetup is the Bad *** Real Estate Investors group - there's a coffee one and a beer one, so pick your poison! 

For the record, we don't spend a lot of time in that "office" room (about 8~10 hours a week for each person -- communicating with the PM, coordinating with contractors, shopping for furniture and home decors, working on the guest book and website, etc.), but we don't use that room for any other purpose. 

This mainly pertains to your roof - IF you have an RCV policy - do not switch anywhere else -- that is a good price and a good policy -- if it's ACV you can shop around -- try Shelter too -- I worked for them - all my coworkers were fair -- I just wont get a policy there -- something to do with not ******** where you used to eat and if I had a claim it'd be weird to deal with my former co-workers -- would rather deal with people I dont know. 

Turnkey may be a great strategy for those with little time.We've seen a lot of investors screwed though, due to lack of proper due diligence:1) Turnkey has built-in PMC for "one-stop shop" offer.

I've read conflicting information about what triggers you to have to pay self-employment tax on your short-term rentals.There seems to be a consensus that the following does:Airport TransportationProviding cooked mealsOffering ToursCleaning during the guests' stayDecorating the property for a party as a serviceI'm not sure if these would cause me to have to pay self-employment taxes, as I've seen these items on a couple of lists but not most:Providing a coffee stationProviding a welcome basket with food itemsProviding bikes and kayaks for the guests to useDoes anyone know where the line is of what you can and cannot do and provide?

Find an old hair successful investor who will share his hard earned knowledge and will only cost you cup of coffee or an occasional lunch!  

Call around to local shops and ask them..Best of luck!

LLCTell us about the property: Quantum Laundry Lounge - A state of the art laundry facility/ coffee loungeHow did you decide on tasks and delegation?

It's mainly just paint and drywall work with some light shopping.