I've already had to turn multiple people away after running their credit reports, so I can already see that it's not going to be financially feasible for me to be covering the fees myself.

Could you imagine having a bunch of STRs in Dallas and then the city randomly pulling the rug out from you?

Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.

We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

@Dan KeefeDid you pull data from BP on rents too?

With fees doubling and competition heating up, you might want to rethink this investment.

Yes, this can be very dangerous, we always use a licensed contractor that has pulled the permits.  

My question pertains to impact fees. 

Are you an agent paying a bird-dog fee to a lender for sending you clients or vice versa?

., and in your analysis account for slightly higher PM fees.