Congrats on at least taking action.You've got nothing budgeted for vacancy that I can see; it depends on how much turnover there is in your market and what your prices are like compared to the rest of the market, but most people would budget 1 month of vacancy/year/unit.

For example, You might study an area and find that you can buy $125K home and average rents in the area for comparable homes are $1100-$1200.  

@Rene Brodowsky appraisers, like most workers, will take the path of least resistance if allowed.Appears they are using an AI system to valuate your home.As suggested already, you may want to request an actual appraisal, which you will have to pay for, and send your own comparables to Huntington Bank to try to guide the appraiser.Otherwise, you may need to try a different lender.

Find the closest properties in terms of location, amenities, etc. on Airbnb/VRBO and compare that way.

Quote from @Evan Polaski: @Carlos Ptriawan, you are talking about syndicators and passive investing with very broad brush strokes, but then comparing to your unique direct investing experiences.  

This is because the financials of the condo project will directly effect the value of the real estate as a collective, as compared to just your financial health on other types.

All these providers balance speed with compliance, so it’s worth consulting with them to compare timelines, costs, and support for your specific needs.

I would first look at a proven company like RentWerx, then compare them to a few others and see which one works best for you.Start by going to www.narpm.org to search their directory of managers.

@Ray Hernandez Totally, totally different experiences and not really comparable. 

Once you have REPS the distinction between passive income (or losses) and active income (W2) disappears and all those tax losses you have been banking can be applied to the W2.Good luck