Q: What can I expect when renting out my first vacation rental?

I'm thinking of purchasing a home and using it as a vacation rental on the weekends. Do I need to have a license in order to do this in Missouri? What issues can I expect to encounter? 

- Sunrise Beach, Missouri

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Author Bio
Writing about personal finance and investments since 1999, Jason Van Steenwyk started as a reporter with Mutual Funds Magazine and served as editor of Investors’ Digest. He now publishes feature articles in many publications including Annuity Selling Guide, Bankrate.com, and more.