Working as a property manager gives you such valuable insight into the market, tenant relationships, and property operations—it’s a fantastic foundation to build on.What kind of investing are you thinking about starting with?

If you operate as a separate business entity - S-corp, C-corp or a partnership - you may be required to have formal compensation for yourself: either a W-2 salary or so-called guaranteed payments.

Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations.

As for strategies, do you have any other skill set that you can bring to an experienced operator?

Once you become the homeowner, we transition into a property management role and handle the day-to-day operations of the rental.

This will give you an idea of traveler's budgets and what's in demand in your area.As far as design and photo recs, connect with those in your market to get referrals from other MTR (and STR) operators.

Thanks for replyingDo you operate a STR?

But assuming its a stable but growing market, every dollar of Net Operating Income you are able to force is explosive to the underlying asset value.Under both of these scenarios, you do not need to syndicate as long as you don't go too big on the deal size. 

So thats kind of the standard operating procedures in those markets and nothing really sells for full list price..

I wouldn't be cash flowing paying a property manager, maintenance, etc. to be able to operate out of state though.