I agree it is a bad idea.You should buy your own properties so that you have full control and can build equity.If you are going to legally manage a property you don't own you might have to be a licensed PM.

As a Controller - I would recommend having someone handle your books that can work closely with the CPA.

Take control of the process by making sure your offer (and concept) is in front of the seller.Also, many sellers in this case don't fully understand how the numbers are in their favor...until they see them in front of them....and, you can't negotiate if there isn't something to negotiate. 

I also own STRs in Gatlinburg/Pigeon Forge, I began purchasing when I was still living in LA, and they are fantastic investments! 

LONGER VERSION ON CHINA:The challenge is China press is controlled by the government, and the goal of the government is to keep power.

The advantages such as being able to collect commissions on your purchase, access to the MLS and control over the offers you make far out way the disclosures@Abel Curiel  Next time you are in the area you need to try other BBQ places as Salt Lick is very pedestrian BBQ for us. 

They want to drive out oil and gas, they embraced gun control and chased off gun manufacturers, legalized recreational marijuana, they coddle illegal immigrants...it's just a matter of time before it turns hard blue.

BiggerPockets is a fantastic place to research, learn, grow and network.

Who controls what?

By the way, one reason Landlords have a difficult time with tenants is the failure to maintain control.