It is very beneficial to help you make the right connections!

This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.

Or, would it be beneficial to hire an employee to handle day to day tasks?

We are able to get great incentives and the ability to own an investment property that take a very light maintenance budget for the first few years is a huge plus.  

Risk mitigation is crucial, and learning from past experiences is beneficial.

Long term hold, with buyer planning on carrying existing financing to term without the ability to quickly cure default — terrible strategy with huge risk for both parties.   

Like mentioned it's also beneficial to keep up to date with what's happening in the area your STR is located, and make sure the decision makers are aware of hosts and what they bring to the community.

The reason sellers cannot sell these properties through the traditional market is often due to certain issues, and 98% of the time, these issues are not beneficial to you as a buyer.

I’m always open to learning and building strong, mutually beneficial relationships in this space.Looking forward to hearing from you! 

Consultations with a local investor-friendly agent and lender as well as attorney-owned title company would be very beneficial in this case.