I'm really interested in in the Furnished Finders MTR for traveling professionals however, I'm hung up on the contracts and payment collection process. 

Hello I am new here and I am starting my real estate investment journey.

Excited to guide you on your first investment property journey!

Wondering if we should learn the bumps in the road now and try to self manage with some recommended tools or to put our property in the hands of a Vacasa/Evolve/Awning type company or maybe a professional local outfit?

In my case, I am a w2 employee and I chose to not take Reps because I could not honestly choose say that I or my wife met the hour requirements.Seems like BP is revamping their Tax Pro finder otherwise I would suggest going through that list and interviewing a professional and asking these question. 

Some may or may not be appropriate for each case, so I would encourage you to speak with professionals who understand the implications of each strategy, along with your personal goals. 

However, you can become a real estate professional or use the short term rental loophole to get it on schedule C and reduce your adjusted gross income.

@Mason Myers, I can't ballpark a cost since my bookkeeping firm doesn't provide tax services but if you plan to grow your REI activities I recommend making a relationship with an REI-savvy tax professional now as you're just starting so they can follow your journey from the get-go.That's what I did as an REI when I was first starting out and it paid off as I continued acquiring properties and needed tax guidance along the way.Once you have more REI activity, a great REI-savvy tax strategist as well as a tax filer will be worth their weight in gold.If you want to chat in more detail about all of this send me a DM. 

I would be particular on which property you reach out to, look at ones that are professionally photographed, have good reviews, and are similar to the property you would want to invest with.

I want to take the next big step into turning my real estate journey from doing everything myself with my own money to learning how to run a business working with both in-house employees and seasoned contractors.