If you are self-managing or using a co-host, this list might also serve as a useful checklist to make sure all the bases are covered.

I have been editing based on a state-specific lease template which contains 15 pages.

@Peter KuckCheck out Signature Federal Credit Union based out of VA but will lend nationwide at 75% LTVAnd Awesome list!!! 

Learn and then scale.My advice: Don’t look for the home run deal, look for a solid line drive base hit deal.

I had a quick call with a mortgage broker and they said over the phone a 1M purchase price, 20% should down be OK at a mid-high 6.XX% rate 30 year given my current income and credit (780820).

I have a property manager actually do the showings, but any issues like plumber , electrical is a phone call away.The only challenge is it's a commercial loan, which requires more down, higher rates and shorter terms. 

@James BingNetworking at the local RIEAs and Facebook groups.There are a few power players in the area, deals flow has been low these days, and lots of non deals being floated about.Generally here is how the priority list goes and its based on ROI:1.

These scores would vary based on the type of investor (flippers, buy and hold, etc) and different weights would be give to certain variables. 

I know that much of it is based on personal risk tolerance but any advice would be greatly appreciated. 

Everyone has opinions but some are not based in reality.If you are not providing significant services, like daily cleaning, on site chef for meals, custom tours etc. you should be filing on a schedule E. https://theshorttermshop.com/is-short-term-rental-schedule-e...