Many stores now run cash through counterfeit detection machines and call the police when they find any.Many stock brokerages stopped taking or giving cash in the 1980s when Congress passed the "know thy customer" laws to crack down on money laundering.

I would present a decent product to my customer.

I have heard many discussions and valid points for both sides of the argument, but I'm still unsure which to focus on.

Or in my case and maybe yours title company customer service would do a verbal date down for us.. ( some risk in missing something but not a huge risk)  you need cash  no loans are going to work . 

How do you folks manage your vacation rental properties as well as handle customer communication and interactions when you do not live near the property?

I saw a few arguments about who was biding or not bidding.   

For the sake of argument, let’s assume the property is worth what they originally paid for it ($240k, so my interest is $120k).

There is a second rule that says states that an activity is not a rental activity if the average period of customer use of the property is 30 days or less and significant services are provided.

Bryan not a chance.In some micro markets things have always been stable and have the least problems to work through and are the first to recover.This has already happened with markets that didn't experience much of a dip to begin with.With 700,000 properties of shadow inventory and 4 million more foreclosure filings in the works I don't think we are anywhere close to being out of the woods.What would create a partial turn around is if the interest rates started rising and went into the 6's.That combined with the summer months would make many buyers jump off the fence because of fear of not acting.That would make the banks release more property in slow waves and get rid of some of the backlog in many areas.Most home builders won't start new ground projects and get permits until they see the bank supply going down.They will just work on custom one off builds for buyers who have cash.In my market I think we are a few years off from recovery.

And no, I don't buy your argument that it was "just the title of the video" because you took the title as your own opinion, didn't cite it, didn't put quotations around it , nothing.