It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Building must be kept in compliance with all vacant building requirements pursuant to 13-12-135.

We always provide the applicant with a list of required qualifications: income/rent %, credit score, evictions, etc. 

If I remember correctly, they require the property manager to live within either 30 miles or 30 minutes of the property (I think) therefore if your out of state they will require a local person. 

I almost typed "independently" but there is a nuance stopping me from that, the very issue we're discussing.If the two of you do not have other STRs, as seems to be the case, you only have this one STR to draw the required hours from. 3 material participation tests to try:1.

A portfolio sale would likely require a hair cut on price. 

1) Credit2) B.G.3) Experience4) CapitalTruth is, with decent credit and the capital required, you can get in and get started.

Research rates for a payroll service for your employee that can handle your federal state and local employment taxes / calculations Know your federal state local and county tax requirements as well as whether you must have workman's comp for the person or not.

We have set the minimum stay requirement on Price Labs to 2 nights, and it is correctly reflected on Hospitable.

@Derrick Wortmansee if you can go to some REIA meetings and find out who other folks locally to you are using and happy with