That sounds like a pretty good plan, but I would make a few suggestions:1) if you think it may have had squatters or the previous residents would come back, board up the windows too while you're doing the work. 2) If the property was occupied by the owners or tenants, you may need to file an abandonment notice and wait 10 days or so (check your local laws) before changing the locks. 

Take a look at AirBNB and VRBO and check the competition to see what's what.Now, personally I don't see this as a great choice.

Check out this blog article:https://www.biggerpockets.com/blog/how-to-invest-in-real-estate-before-turning-21

I wake up and check the app and I go to sleep glued to the app.

d) set mouse traps and check them often (not a set it and forget it option and dead animals can stink, hard to check traps in a crawlspace regularly no?)

It's time-consuming enough to track hours, let alone check to see if the tracked hours count or don't count.Thank you ALL who posted and have continued to discuss this cryptic designation.   

For sure check out Turno!

Unless you are doing all of the maintenance yourself, figure about 5k yearly for touching up paint, repairing misc. items the guests break, bikes, kayaks, BBQ grill, pool maintenance, lawn service, pest control, replace TV remotes every time someone checks out. 

Deb,Check with your Insurance Agent.  

What are some strategies you recommend to avoid Saturday check-in or check-outs splitting the weekend?