People who can't, or won't, afford to pay up for excellent representation will be gambling with the biggest purchase they are likely to ever make in their lifetime.

Don Konipol that is an excellent strategy!

Excellent post; Do you have any realtors that specialize in STR for the Shennandoah area.

:Jesse makes an excellent point for owning property in a limited liability entity in addition to having liability insurance coverage on the property.

We were told initially our excellent credit would get us our requested amount across 2 personal cards and 2 business cards.

It was really good but nothing you couldn't have gotten if you've read David Lindahl's excellent books.

I keep track of everything in Excel and it's not that much work imo.

The times I'd been over there to address repair requests (very rare throughout the years; it's understandable now) bedroom doors were closed and "friends were visiting" that day.Instead of evicting for breach of lease I decided to raise the rent by $375; they paid but sent a letter of termination with the appropriate timeline (30 days notice).The letter of termination included a statement that they fully expected to receive all of their security deposit back as they were leaving the house is "excellent" shape. 

I've traditionally relied on an Excel sheet, but it's not always convenient when I'm away from my computer.I recently came across an online calculator that seems to provide detailed metrics, including Cap Rate, IRR, and others.

Locally, FB is an excellent way to reach more potential renters, I'd start with the "NWA Rentals" group and "University of Arkansas Parents"Agree with the other comments that you need a better PM, if you don't mind the part of the work you're currently doing, you could leverage a local investor to help you show properties.