If you hire a professional management company, then that of course will also eat into your profits.

Trying to eliminate the time lag. 

Agree with Mike that this deal probably doesn't make sense but on these tighter deals, particularly where you can get a little time, the Fannie Homestyle reno loan could be of use.

They are not quite there for STR, and I would highly suggest giving them a bit more time to work out listing STR.

I spent a lot of time thinking about this and who the ideal tenant would be and ultimately decided long-term would be best.

If they aren't using a professional machine, odds are high that they'll leave water in the pad, causing the place to smell like mildew after a few days.

Hello, I am a software developer and I have a data science friend who we want to team up on making software in the real estate niche.Tell me, as a real estate professional, please dream of your ideal software. what kind of software or software feature do you wish you had or wish that can be improved upon.

We’ve had the bone for a long time and are moving, but don’t want to sell it in a down market.

download the landlord tenant laws for your state.. google it and research so you know ahead of time before you call a lawyer,, you should have this information,, it's your bible.. 

In my experience land lords who have that length of tenant and they can show rent rolls of payments on time are ok with sub market rents because the tenant is so "easy".