I'm guessing that posting this buried under 200 "Me too's" will be less effective than a new post, but here goes anyway:In the U.S., how many times do these logbooks get scrutinized? 

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Relying on a third party to control your positioning, rates, costs, and deal flow doesn't work long term.  

But I'd like to see Lynnette's projects to support your claim "the portfolio was a 30% increase in cost to the consumers" since in TN, NC, VA, NC PPAs are priced at avoided costs. 

Less Desirable Areas: Are there neighborhoods we should avoid or areas where BRRRR might be less effective?

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

Stessa is not perfect but I like the capability, love the %5 interest rate on my associate account and have found the support honest and effective.  

So, if a tenant broke a window and it cost $300 to replace, you can simply add that bill in apartments.com and that way its all tracked where everyone can see it and track it. 

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

This can be very expensive and is usually the worst choice because you can't justify the cost.2.