This will drop the tax rate.

When are you normally paid (ie I get paid 2-3 weeks after rent is due from my PM)? 

I am new to real estate investing and I do not know where to start. To clarify, I am looking to be a long distance investor. Given this I know I will need a property managner/property management firm at some point. Do...

Get estopples, copy of leases, and ask for bank statements and tax returnsIf they don’t have it then I would assume worst case on every asset and price it accordingly

Let's say after you get 4 of these, then either turn them into LTR or roll them up into some smaller and easier to manage multifamily or commercial property.

It is a bonus for a buyer to walk into bookings after a purchase and give them some piece of mind that they are getting enough revenue to cover the first couple mortgage payment, but thats about it.

No system is perfect, so don't waste your time chasing after the next shiny object.

I have a higher nightly rate because I can sleep more people, my taxes and insurance are higher.  

Initial setup is 3 years, and after you can renew for 5 years.

The seller is responsible for repairs and taxes.