Agree with your insurance agent, many investors have been backing out of Canton for the last  number of years because of antics like this. 

If the answer is no, get an experienced pro's help. 

@Donna Beth Perch you just joined BP yesterday, obviously searching for shortcut answers.Your bio states you are an agent, does your broker know you are managing so they can update their E&O Insurance to cover your management activities?

Or course that has a cost and its an ongoing project.Redfin was our real estate agents. 

Check out Zen Business for forming an LLC it's pretty affordable and has a "pay as you go structure" They have a registered agent you can get as an upsell for instance.

Probably the best way is to find a good deal and bring an experienced flipper onto the deal.

Quote from @Sarah Kensinger: Some masterminds are just experienced operators, but STR Secrets is not and so are a number of other STR courses and masterminds.

This may be mitigated by a good home warranty which your agent may be able to negotiate for via a concession. 

@Henry T. from what I have experienced NJ is fine if you know the areas to avoid.   

Turnover in the PM space has been skyrocketing the past few years, so if you are a smaller operator and you only have one leasing agent and they leave, that can be detrimental to the business.