It is great, especially for pet owners.

There are any number of reasons a seller might not want the house on the MLS (celebrity, domestic concerns, etc…).See what the agent is offering and ask if they are willing to pay a buyers broker commission if you were to bring your own agent into the deal.

We have an investor (he's invested on other projects with us) with fund management experience we're working with to set one up but he's semi-retired and it's a pet project for him. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Almost always there are some minor maintenance items needed to prevent them from becoming bigger problems.Also drive by the outside of the homes on a regular basis and if there is cause for concern there (unkept yard, junk outside, undisclosed pet) we immediately schedule an inspection

I'll also notice extra people, pets, garbage, what have you. 

One scenario that is not covered say you allow pets in your STR and the STR guest is out walking their dog and that dog bites a neighbors child enough to warrant some sort of medical care.

Foreign owed LLCs are subject to different US filing requirements than domestically owned LLCs.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

This is a personal pet peeve of mine.