Is there a method to the madness or just a shotgun approach until you find one that works?

Quote from @Chris Rich: Depends on your approach - cash flow or appreciation.

Open and clear communication is the key  they need to know that your approachable but you'll call ******** when need be  

Other than the costs of setting up the STR PM business itself, there are relatively few costs to the PM for taking on a new property.An MTR operator is usually approaching LTR owner with a proposal: to rent their unit at the advertised rate as a long-term tenant.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

That being said, I approached a local DSCR lender who refuses to look at my specific rental strategy in underwriting. 

One approach is to emphasize your reliability and track record, showing that a lower EMD doesn’t impact your ability to close deals successfully.

If this is a 1-4 unit residential loan, most appraisers and lenders are going to use the sales comparison approach.

A balanced approach—leaving some 401(k) funds for diversification while allocating after-tax dollars to real estate—can optimize tax efficiency and meet retirement goals.This post does not create a CPA-Client relationship.

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.