Hi all, Newbie here thinking of buying a short term rental property management business. I have no experience in the industry but it appeals to me for various reasons, lifestyle (work from home mostly), interests (property/style), likes to help people, skills (handyman, tech savvy) etc. If you had your time again would you still be involved in the short term rental industry if you had the choice? Or is it all too hard, frustrating and eventually wears you down? What would be the top 5 issues affecting this sector or things to look out for if buying one of these businesses from someone? I am looking at one that uses Guesty (with 24/7 guest communication) and manages around 40 properties, mainly in the city but has about 5 remote sites in another state. Does a Gross Profit of 35% sound OK? Are there big insurance issues for Airbnb managers? Are there big changes in store for Airbnb etc? Are councils going to kill the short term industry if not managed onsite? Will Labor's negative gearing and CGT policies kill the investors (my future clients) dreams? I feel I'm about to find out how much I don't know Thanks in advance for all advice.