I however am looking to hire a full time W2 employee to handle day to day operations and coordinate between these service providers and run things generally under my supervision.Need help with actually structuring the job description, company standard procedures, and most importantly how to find and vet this person.

quick back story: Self employed RE Broker in Greater Seattle Wa, my wife is a w2 employee, 133k HELOC, 50k COH, looking to acquire first investment through brrrr, flip and/or short term (airbnb) most likely out of stateGetting right into it....My wife and I have just closed on our HELOC and we have some COH as well...we have a few different options and were looking to see what others would do in our shoes....1.

I'd say the reasons to have a property manager are:-you don't have the time to do it-there may be a conflict of interest with the tenants (ie employees or students)-you live too far away-you have problems saying no and you let people take advantage of you

I’m going to play therapist here…(I’m not a therapist)I think your real fear is making a bad decision and failing which is normal.

I have always used an individual but if I was further away I would want a place that had multiple employees to mitigate risk of someone being sick or otherwise unavailable.  

I think the appreciation play is solid over time but proximity is hard to pass up for rental demand.  

Key features of Denver’s short-term rental laws, rules, and regulations include:All short-term rentals must have a license.Any short-term rental must be the host’s primary residence.All advertisements must display the host’s business license number.All short-term rental hosts must follow rules related to safety, taxes, zoning, and insurance.Hosts who do not follow the rules could be fined, or could lose their license.It sure seems like you’d be risking your primary home and it’s equity on a speculation play.

But recognize that if your agent is educating you along the way, and helping you to understand the market, even if you find one off market, they brought you value too and played a role in your success.

I figure with rent increases year on year cash flow will increase substantially and this is more of an appreciation play as well 

I plan to move full time into the business in very short order, but also need to bring on another full time employee.