For example it is my understanding that Big Bear allows it but whoever is managing the property has to live within 1 hour of the property. 

According to our understanding:1) California does not recognize REP status, but we could claim it on our federal taxes, is this correct ?

Understanding them deeply.

From what I understand, that essentially negates the protection you get from having an LLC.

She plants clues around the house about how to find it, guests absolutely love it and then she is booked out 2 years solid.  

If you have ever learned something important by trial and error, then you can probably understand the frustration that you feel when you make a "rookie mistake" or a simple error that creates a big negative result.

@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.  

.✔ Remind the tenant about sanitation steps to prevent infestations.If the complaint is more about the rent increase, stay firm but professional:✔ “I understand your concerns and value you as a tenant.

Quote from @Kwanza Price: Thanks Chelsea for your reply.I mostly wanted to understand what the experience was like and if you have any advice for setting up an LLC/IRA?

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.