We started 5 years ago and we have 3 properties that are short term rentals that we manage remotely 7 hours away.We decided we wanted to do short term rentals instead of long term because they seem to have higher cash flow, and we were willing to accept the additional work and risk involved with them.Some advice to consider:- To help sleep better at night, go into your first deal with some additional emergency savings for anything unexpected that you didn't consider.- Purchase unique, vintage, higher quality furniture on Facebook Marketplace, estate sales, and garage sales instead of buying cheap stuff from the big box stores.- The automation services such as Hospitable, Pricelabs, etc. are worth it in my opinion

What is your must have STR feature that you feel makes your STR's perform better? 

Terrible amenities (e.g. record table and classic records prominently featured in the advertising of a Nashville condo, but no speakers!).

I also want to add in - there's probably room to improve the features of these units, therefore increasing the rents, but I'm not sure how high would be too high in this area.

#inspiring.The thing i am struggling is finding a good, trustworthy Handyman and Cleaning person, I am planning to handle them remotely and it worries me if i don't have those trustworthy person to rely on, i might end up getting bad reviews...

I wouldn't recommend remote investing/management for your first few properties. 

I've seen a few properties by wholesalers get bid remotely and the bid-ARV spread on some of those gets to be way too skinny for my conservative liking.

Sure, because there are plenty of desperate investors out there that WILL run towards the latest newest most feature packed gadget out there and buy it hoping that will magically solve their problem.Hear me now.Finding motivated sellers is friggin EASY.

And then when the deals come through i just run them through housefolios and in 5 minutes i will know if they are even remotely worth chasing.  

I believe the rent collection feature was $5 a month and it includes a tenant website, where they go and pay.