If you don't plan on managing the rental yourself (i.e. changing the rooms between guests, sweeping, vacuuming, washing dishes, laundering the sheets and towels, etc.), then you'll need to budget for a property manager. 

Many people would want to “reward” themselves lavishly and regularly for working like that.

There is a group of a dozen of my regular STR tenants coming here in a week. 

The requirement that you not personally guarantee any loans taken by your IRA/401k is a corollary of this rule.UBIT/UBTI/UDFI: Traditional IRAs/401(k)s are tax-deferred and Roth IRAs/401(k)s provide tax-free earnings - with regard to "regular" income tax.

The deal with the non-performing note is to purchase at a substancial discount and try to get it performing again so that you either have a performing note that pays regularly or sell it in a few years as a re-performing note(lots more than a non-performing).

Build what they need:I was at the front gate, scanning IDs, and I asked a sergeant how his weekend was. He

@Grant Anderson No bank will give a regular conforming loan to an LLC.

If your regular depreciation is already more than covering your cash flow, you will likely see little to zero benefit.

A few examples that have been surfacing regularly across many states- Crazy late night parties from STR tenants... the landlord is liable and can be fined or worse, depending on the location and severity.

If you don't like the contractors your getting than I would suggest becoming more active on Biggerpockets and connecting with @Darren Sager and others doing regular BP Meetups in your area.