Since you admit you know very little, why don't you analyze what's gone wrong with this PMC and interview new ones to address your concerns?

Do the laws vary from state to state, and if so, is anyone familiar with the laws concerning this in West Virginia? 

Quote from @Kyle Deboer: Being a beginner, the only markets that I am really tapped into at the moment are all extremely mainstream (zillow, realtor, etc.) and I see everyone saying I should learn to tap into underground markets but I can't seem to find anyone explaining how...

The concern with out of state investing is your money goes to down payment and property management.

Is there any concern that the local government would ever ban short term rentals altogether?

I suspect this would happen if various parties were given the ability to ask questions in nearly every application for what this thread touches on - and I have major concerns about integrity (and credibility) issues involved in putting yourself in a position to defend this position if ever challenged. 

For a beginner investor, the choice between using maximum leverage or putting more cash upfront to build equity depends on several factors including risk tolerance, financial stability, and long-term investment goals. 

While I have seen only good things said about PPR, one thing of concern is that even though they started  during the great recession they do not have a track record of weathering one.

NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.

I'm a beginner investor and currently own an S Corp.