I do have a meeting with an attorney in two weeks and just want to get educated before going in and have my game plan set.

I want to own all of the property to include the land, and maybe I do not fully understand what I was researching on that topic.

With regard to the "contractor agreement" you mentioned, I would absolutely get it in writing from the contractor exactly what work will be carried out, when it will be carried out and what is included for the agreed upon price. 

What some other property managers do is just advertise renters insurance included and up the rent by that amount then place it on each.

This includes restrictions on property use, rental regulations, and any upcoming changes in the area that might affect your investment.Patience Is Truly a Virtue:Real estate investing is not a get-rich-quick scheme.

If your long term goals include investing, this is a great opportunity to start, with a property you already own.

The reason for this is to prevent people from getting a good deal, immediately refinancing, pulling all of their cash out, and having no "skin in the game".

Don't be the one who breaks the rules and makes life hard for everyone in the STR game. 

Including the guru or person offering this program. 

Not sure what else should i include in the monthly due.