Many optionsAlthough there are many STR's listed on VRBO/Airbnb, I wonder about the STR rental laws that are only enforced by complaints (for now anyway).Don't want to spend 10k to furnish house and then get shut down.

A lot of serious players are doing STRs in Philly (I do not do STR here but feel it is good for the City to have a healthy STR market) and have a lot to lose if the ordinance is enforced.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Of course to mitigate risk, you also need to effectively screen for good tenants, have a great rental agreement in place and enforce it, take care of your properties, keep an eye on safety issues, and comply with all the laws for your jurisdiction, (including non-discrimination laws and fair housing laws).For conventional loans, many lender's will require you to own the property in your name, rather than in the name of an LLC.

But I don't necessarily want to live in a HOA, because I don't want some dipsticks standards being enforced on me.

I had already purchased and designed the kitchen prior to closing.4) Acquire general supplies and fixtures ahead of time, big box construction stores have generous return policies and it will save you time and headaches of having to run out for a paint brush.5) Meet inspectors and code enforcement officials in person and don’t be a jerk, approach any conflict with curiosity and understanding and ask how they would like to see you address any issues.

The American Apartment Association's research that the majority of landlords who fail do so because they failed to enforce their own leases. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Is the tenant responsible and the PM isn't enforcing it well enough with them? 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.