I’ve been researching businesses for sale and many look profitable on paper.

There are companies that sell turn-key rentals that could be a great solution for a busy professional, or maybe finding a reputable wholesaling company or realtor to help bring you deals to leverage your time better. 

Those operate more like a hospitality business than a rental business.

To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.

No need to get all crazy on it.Essentially tracking these kinds of things in a STR are not like you would in another business.

I don't think that putting price tags on various damages is a good idea.

I have not talked to property management companies and plan to self-manage, although probably not a bad idea to talk to them anyway.Thanks again! 

I have read a number of bp books and have built up a solid amount of business knowledge especially in marketing as I have helped with a number of marketing oriented projects at my church.

I've spoken with them, seen examples of previous deals, I understand how the business works, etc.

no i have'nt yet. great idea, what would you suggest to look under?