Using a property management system (PMS) enables you to bring automation to all major areas of Airbnb rental operation (cleaning coordination, guest communication, digital self-check-in, review requests, pricing, upsells, and finances)The bottom line a busy physician with a fairly high W2  can pass material participation tests (100 hrs AND more than anybody else), claim tax losses from his or her STR business and save 6 figures in taxes without working full-time in real estate. 

Seems like short term would likely generate more revenue but not really sure about profit when you consider vacancy and property management fees of ~30% (I would consider remote management but I would think cleaning fees would still be ~$400/mo. which is high).

I'm sure flippers on here feel differently.

My wife and both make a high income for our area and I feel we could save about $100K per year to keep buying. 

But they "feel so good about each other". :-)As you correctly state: "things go wrong fast and furious" and for a variety of reasons.

I feel it unlikely that the lender will be willing to lend on this property given the current foundation status (advice from the foundation contractor).

If you need more information, please feel free to contact me.

Feel free to reach out!

I feel that the property tax rates are a little high 2.77% and 2.78% but I'm still cash flow positive despite the large property tax increase on SFH#1 (owned for 10 years). 

Feel free to reach out anytime.