Just because they don't have their own equipment right now doesn't mean they aren't successful but may just mean they need more time to allocate the correct funds  @Preston Dean, respect💯!

It's a federal crime to tamper with the mail and USPS has its own team of well-respected investigators for this.

I usually agree with you, Jay, but I disagree with you and Chris with respect to the “throw it all in t bills and relax” advice. 

Needless to say, link up with someone who owns STRs in the respective market to see how their properties have been performing over the past 2-5 years. 

Be wary of renters who seem to be overly aggressive Or overly nervous When you're inside their unit- respect the unit it is their home.

With respect to the LLC as a trustee - the laws are state specific.

They will either take you up on it and make sure you get your money's worth or they will just appreciate that you respect their time and help you out for free.

.- Continual market analysis to keep your prices neither too high or too low- For software, you'll need a PMS, some system for tracking operations tasks (we use Breezeway), communications tools for internal and external (we use Slack and OpenPhone, respectively)- The decision to self manage or outsource is a very personal one.

It's funny to conceptualize that 5-6 years ago, probably no one would be advising buying in these respective markets. 

Respect for others, which I always want to have.2.