Evan is right, I have been deep diving and analysing the STR market for a while now and you quickly come to realize that a decent home and location for LTR doesn't at all equate to a successful or profitable STR. 

Not always, they go pretty deep on these.

Further, my understanding is that it is possible to create a multi member LLC with yourself and a corporation as members, where you're the corporate official(s) - but we're getting fairly deep into the weeds here.Note that I'm just a lowly landlord who has attended seminars and implemented some of what was taught.

As someone who has always had a deep passion for real estate, I believe that the heart of every home is the kitchen.

You would have to at least be ready to do some renovations or search really wide and deep.

But all of this was when LPs were not diving deep because distributions kept coming monthly, an email was sent on a given day each month, and the only accountability needed was hitting projected returns, which was pretty easy in a bull market.Now, with more scrutiny from LPs and distributions not coming, those surface level emails are proving to not be showing much.  

More for the folks that live hereI did a deep dive yesterday and prices are stagnant to up slightly in basically every Pensacola and Santa Rosa County zip code so you are 100% correct that we aren't seeing a collapse currently. 

Hi Mohan Deep, General Rule: A fixed-term lease typically expires automatically at the end of the lease period without the need for a notice to vacate unless otherwise stated in the lease agreement.For fixed-term leases, if no notice requirement is specified, they typically expire automatically.If your lease requires a two-month notice to vacate, you must provide this notice even at the end of the lease term. 

They expressed deep rooted reasons as to why that was and I’ll try to address those shortly.

Once they are knee-deep in furnishing their property or after posting their property on Airbnb for a few days/week they get hit with a violation notice from their city.