It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.

Choosing an STR-friendly area can save you significant hassle and protect your investment in the long run.

He taught deal structuring that has helped many make & protect wealth. 

Having a mortgage and your normal STR insurance is already 2 levels of protection. 

But it just depends on your risk threshold and how much you're looking to spend.  

If you buy real estate, you will spend hours and days and weeks and months of your life dealing with it… Home repairs, guests,… An investment really has to be pretty amazing to sacrifice all that time for itThe houses I own I bought many years ago at dirt cheap prices and dirt cheap mortgage rates.

I'm starting to realize that investing is something I want to consider learning for long term as I spend more time in this industry.

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

Of course, not everybody is that good at or has the time to do Google searches or know how easy it is to use ChatGPT so it might still make sense for you to provide such a guide to your (potential) clients.If you don't want to spend time reinventing the wheel, you have other easy options:a.

The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.