But, it's critical to evaluate the state of the local market, your capacity for managing several properties, and the possibility for cash flow.If you see great potential for long-term appreciation and are okay with the higher property price, option 2 can be a good course of action.

They have high fees but professional management. 

I may also consider it for short-term rentals provided it its easier to manage, I live about a 3-hour drive from the property.What are your thoughts/opinions?

The tenants had to have certain physical capabilities so they could manage somewhat independently. 

Hope this helps so, we are a project management company that specializes in managing, operating, and subcontracting projects for builders and contractors.

Put out signs and lockboxes for realtors.Cold call for a realtor or investor.Create a handyman or property preservation business.Become a notary, so you can close real estate transactions.Go to work for a courthouse data service, so you're looking at and recording the posted data for them.Work for an apartment complex leasing apartments or doing maintenance.Work for a property manager doing make ready.Do anything and everything in construction.Become a home inspector willing to work weekends.Work as a sales rep or helper for a builder.Probably all these positions could use someone that wants to work nights and weekends.   

Since I'm technically gonna be managing someones property or "subleasing" I figured the second code would work as well.

I'm curious of the language people use in their termination clause for STR management.

S8 comes with it's own set of rules but if you have a good property manager, they'll be able to help you navigate those waters and make sure the property is up to S8 standards but the cashflow has been awesome. 

@Ali Mahdavi I own and manage 20+ homes in Coachella.