Not that being out of state affects the cost in that regard, but you may find it more difficult to properly vet a manager, especially when it comes to their attitude toward residents who may need more flexibility, compassion, and patience than in a market rate building.Second, and bigger, issue is that HQS inspections are a very real thing.

Someone recommended not renewing to the family members as it can become an issue.

We had issues with break ins so one of our employees at the time moved in to aid in security.

I noticed some 1031 intermediaries have stated there is no legal requirement for "time limit" after the exchange is complete to quit claim to an LLC, but some recommend holding it in the same title for "some time."

The issue with those furnishings is they'll likely only be useful to a senior home. 

You basically can't purchase a SFH in Taney or Stone country because of the regulations against STR - be wary of people selling their homes as STRs (they are probably trying to get out before more regulations kick in) - you will not legally be able to rent it.

If you don't have any debt, a 750+ credit score, and income, you should not have any issues being approved for a mortgage. 

The other big issue is they did not realize that returns in the US totally correlate to the risks involved.

Many municipaliteis across the country have introduced zoning legilsiation that prohibits STR as a legal use. 

I’ve been reading up on it as I have a water bill issue from before I bought the house.