If you have a massive infusion of money that you are going to put into the business and run it like that, then get the GC.

It adds a personal touch and helps guests feel more at home.Things to Be Aware OfLocal Regulations: Check local short-term rental regulations, including permits, taxes, and any zoning laws that may affect your ability to rent the property.Cleaning and Maintenance: Short-term rentals require frequent cleaning and upkeep.

Once you make a certain level of money time becomes way more valuable.  

One important advise - assuming you put the property under an LLC - is to have the bank account for that LLC where money comes in and money comes out, to make everything simple.

However, it adds complexity with more paperwork and potential self-employment taxes on all the income.Doing it as an individual is simpler, with everything going on your personal tax return, and you might benefit from the home sale exclusion if you end up living in the property for a few years.

Personally, we are on pace to sell more properties this year than the number of acquisitions for the first time since I started doing REI in 2017. 

Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).

I know of several rehabbers in Sacramento who also have their RE license, and if they can't make a deal work with the numbers or the seller won't go low enough on the purchase price, they list the property instead and still make some money from their commission on the sale. 

You might want to speak to your tax person about what would be the most beneficial way to set up tax wise before you have the attorney do the setup.

Even if you're talking to a property manager who should be the right person to talk to and tell you what the correct rental rates are, still double check what they're telling you is accurate.