To your point, there are probably plenty of turnkeys that fit into your suspicions- bad rehabs, low-quality tenants, etc.

@KC Conti One of the hardest thing to learn in RE is “you need to lov your money more then a particular property” You seem to emotional attached with this dealNo deal is better then a bad deal

Did she have a choice...or much of a choice?

Something to keep in mind with STR, that's tied to why REI is a smart game to play - control is the name of the game.You want to control the guests and rates (vet them in hopes of avoiding property damage, set rates to attract those willing to pay more for quality)You want to control the costs (furnishings, consumables, cleaning/repair/plumbing/electrical)You want to control the property (choice of property, location, financing terms, well or city water, septic or city sewer, etc)This is all going to be very hard to do, if not impossible, if you don't OWN THE PROPERTY. 

PS: The neighborhood you picked is not bad.

Getting in bed with the listing agent when their fiduciary responsibility lies elsewhere may not be the wisest choice, but glad its working out for you so far..  

Mine made VERY good money and I managed to ride the first wave of regulations but the haters didn't stop and the moratorium on licensing left me with two choices, to hold as long-term rentals or sell.

Hi Meng,Wise choice to post your scenario here to solicit expert advise! 

I'm simply saying don't give all a bad name because of the few crooks. 

You have a couple choices. 1.