If you are consistent with these action items you will avoid most claims, your business will be more profitable,  operate more efficiently and if a claim were to arise you will have all your ducks in a row. 

Hard money loans are popular for covering both purchase and renovation costs, though they come with higher interest rates.

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

With a 9-5 job too busy to catch a breather, being that it will be my first rental property would you recommend finding a property management company to oversee the investment property OR create a profile on a property management platform, I am thinking about Avail unless there is a better platform, to collect rent and hire specialist as issues arise from tenants?

Seems like there might be some overlap between the two, does anyone with experience with both think that problems would arise from that?

If a problem arises with the property, the City will attempt to contact the owner and hold them accountable.

I know it was popular when you could use it to buy yourself an EU passport.

Some have found that to be popular and guests bring the basket up often in reviews or privately. 

I know, nitpicky, but if you have a chance. might as well make it perfect :-)Be patient, if your area is a popular one, you will definitely fill up and stay full.

These are prime locations, think near downtown or popular tourist destinations where demand for short-term rentals is typically high.