@Shawn Swisher  real estate license laws read exactly the same in each state the gurus have pounded into peoples head that the simple fact that they are in contract on a real property that constitutes equitable interest and therefor that allows them to act as brokers legally.. which of course simply not true.some states go after unlicensed activities others could careless.. just depends on where your at and if someone files a complaint against some one.. its almost always complaint driven. ( IE enforcement actions)

You could even split it up across a few operators and/or operators. 

You are in business, you are simply operating as a "Sole Proprietor" Yes your expenses are deductible.

Has anyone had any experience with compensating people that operate a direct mail system? 

I guess its just a matter of going out and finding that company and see how they operate.

Here is a real world example:http://www.loopnet.com/for-sale/chicago-il/retail/...and anotherhttp://www.loopnet.com/for-sale/chicago-il/retail/...Cap rates in the Commercial / retail/ industrial world are calculated as follows:Net operating income ( again this will assume no debt ) divided by cap rate = valueTalk to any CCIM Broker and they will verify this formula. 

Your safety is your ability to change how you operate your STR.

Alpha & Omega is the only property management currently operating in the Mansfield, Ohio area. 

In 8 years I get all my cash back...or,$1M gets lets me loan it out at 10% simple interest for 20 years with a balloon at the end. 

Rents are below market and only 5 units are rented for $2400/month with operating expenses at $681 a month. the other 4  units would rent for about $2k a month.