My first rental.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

Anyone can tell you they think there are deals out there, but ask them to show you which ones, and then evaluate it for appreciation as well as rental strength. 

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

So you can have section 179 losses for your rental even if the rental isn't generating positive taxable income, as long as you have other active income. 

My goal is to ensure that I hit the 1% rental return per month.

Last short term rental we put on the market was booked for a 30 day stay first day on the market.

Trying to understand what multi family rentals are and learning how I can invest or convince myself to invest into it or learn more on this topic to understand this is not my path.