This is a property in Arkansas.Here is the info the vendor sent regarding the repairs:Meter was pulled due to a gas leak.

Most cynical takeAnother Erin take here: The over-complication of real estate only serves vendors who want to insert themselves between you and the STR money.

Focus on performing your day to day operations in a manner that will reduce the risk of claims in the first places such as hiring reputable service providers, sign contracts each time you engage a 3rd party vendor & collect insurance certificates where you are listed as additional insured from everyone who performs work on a property you own or provides a service related to a property you own.

It was quite the hassle to get this taken care of with the vendor and I had to contact a CEO to have acceptable action taken to rectify.

I hired a GC to hold my hand for my first two projects and part of the deal was he'd share his subs contact info, vendors, etc. to help me get up and running.

We have a lot of transactions going on, education opportunities, and you can get to know the vendors and contractors we use as well.  

Having a property management team with internal maintenance techs on-staff, preferred contractors/vendors(vetted with long-term 10+ yr relationships), and processors in place- is where you'll find peace of mind. 

Very easy communication and they have vendors on call if work is needed on the house, like my did.

YET so apropos for anything guru or paid training in the real estate space or for that matter option trading or forex or whatever.Having been a back room vendor to a lot of these companies I saw it first hand..

Financing percentages are done on a case to case basis, but you many want to plan on 40-50%Real Estate Agents, as long as they are not a prohibited person, your IRA would be responsible to pay them just like any other vendor or payment the property incurs, the IRA must pay.