Don’t waste your time otherwise.The last thing you want to be doing in rental arbitrage is doing minor repairs to the house.Even if the landlord pays for it according to the lease, the issue is you’ve got to front it so you can get it done to avoid vacancy or bad reviews.Be in the business of hospitality, not real estate.

Have you had any issues with the city regulations regarding STRs using this method? 

Are there any issues that are complete no-go's?

As we know there is build time from when permit is issued and build time including the time it takes to get your drawings ready and get building permits. 

My house is on a corner with an empty lot next door, so it was not an issue for me.

Navigating these from a distance can be more challenging.Market Risk: You might not be as immediately aware of changes in the market dynamics, and reacting to market shifts can be more challenging when you're not physically present.Travel Costs and Time: Visiting your property or dealing with issues may require more time and resources, especially if it's a considerable distance away.In summary, investing out-of-state offers the potential for diversification and higher returns, but it requires careful planning, reliance on local experts, and a willingness to adapt to different market dynamics.

I also have a limited power of attorney in my contracts to allow me to handle any other issues that arise.

I've been deliberating over the same issue (long-term rentals vs. medium-term rentals) and am inclined to invest the extra effort to manage a medium-term rental, given the appealing additional cash flow it promises.

No issues there at all.But never wanted to compromise beliefs just to make sales.Not my style.If we did that, we would probably just be another turnkey provider with a crap reputation.Grazie mille cario mio

Too many potential issues with the younger crowd.