Hi Sandra,I'm a professional property manager in Pleasanton, CA.

Lastly, something to think about: a few investors set up a management LLC that will not own any property but, in turn, deal with any third parties.

I did manage hotels for ~7 years, and have some experience with Airbnb currently.We are unable to place the new building into an LLC due to the mortgage conditions, so we are instead going to put it in a trust.

@MariaTeo with the new changes coming in Aug from the NAR lawsuits you should ask your managing broker how your state is outlining this.

The financials of the property along with the applicants credit and investment history will play a role in the pricing of the loan and loan to value limits. 

Anyway, these two are in different states and are handled by property management companies. 

You should get legal or at least property manager advice so if something bad happens it will not be a colossal problem.The zoning of CN-P includes live work and some commercial uses.

Sure, once you get to the point where you go to Home Depot, rent a sander, and go over the floor 4 or 5 times with progressively smoother grades, it becomes more manageable.

Our efficient project management ensured the renovations were completed on time and within budget.

@Adam Eckhoffdo you have a team on the ground in KS that will manage this for you?