I live in Atlanta and I co-host/manage Airbnbs for homeowners and investors in Atlanta and surrounding areas in Georgia and South Carolina.

Our efficient project management ensured the renovations were completed on time and within budget.

It also allows me to take over property management, landlords duties, and reap the cash flow now. 

I'm a property manager in Palm Beach County and I've grown increasingly frustrated with the costs associated with appliance repairs in recent months.

Since I live out of state and there are no nearby managing companies, I decided to sell the home.

Long story short, I put that $25 aside and it managed to pay for itself for the next eight years.

It is full of practical advice on how to manage rentals and it will show you exactly what laws you need to follow. 

On top of that, if the property is being used as an STR, most lenders will want to verify that you have experience owning managing short term rentals.

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

I would invest in ETF's all day over investing out of state without a property manager and on properties that need rehab.