I like it because it automates a lot of things I used to do manually.

We've historically used Appfolio, which has a lot of payment automations built in.

maybe look into do a month to month lease in the off season and str in the peak season. possibly travel nurses in the off season. if you do go the str route there is many ways to automate your systems to make it easier for you so its not another job.

I've seen far worse things when instruments like option agreements are used.

Along with the support at the location, you'll also want to setup your systems for automated messaging, reviews, rates, cleaner coordination, etc.

Banks aren't lending because they haven't trained their people to recognize risk now that automated credit scoring (fico) dictates approval.

Automate the contract process (It takes us 1 click to write a contract out of our CRM software)4.

It also grows with you quite nicely over time as well, as your business expands and you need more features, automation, and integration with other systems for mailing, texting, eSignature, etc.There are a couple of free REI app packs available that you might want to install to get started:https://podio.com/market/packs/101053-rei-quickstarthttps://podio.com/market/packs/117687-real-estate-investor-pack-by-slc 

Yes, basically, as a security type instrument or a cash asset it doesn't get the tax considerations that inventory or other property receives, the gain is recognized as it is made, the type of entity is irrelevant, it's income recognition individually or in any business entity with respect to notes.

I also feel it is successful because I have been able to automate the process in a HUGE way and manage remotely very successfully.