It's low class but some managers I know make s killing.houses are in poor condition since they were built quickly in 1946 to house the returning soldiers from the war👍 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

We manage several hundred rental properties throughout the San Diego market and I found your post very interesting. 

The worst thing is to pay for a service where you don't get a benefit.If you have STR's and actively manage them, then there is a good chance that you can treat the propreties as active instead of passive which will allow you to offset the losses with other forms of income such as wages, interest, dividends, gains, etc.

I run Blaze Real Estate a property management company in Amarillo.

I definitely wouldn’t mind the help with my rehabs and getting started with property management.

-- sort of depends where you live and if you want to invest out of state / have the ability to manage a team remotely, the best out of state investors are very active in managing their teams.

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

Managing remotely works until it doesn't.

Property managers don’t pay for problems.