Being at a slight operating profit or break even is completely fine with my though as I'm not looking at this as some get rich scheme, it's a long-term investment.Based on this, I'm looking now more into getting a more utilitarian STR targeted at business travelers where the goal is similar to my LTR's, getting long-term appreciation and mortgage pay down and making enough cash flow simply to cover repairs. 

So many groups that were started in the last 10 years, simply didn't even know the risks existed on their deals.

I would have already taken action when they stopped paying and simply done an eviction for nonpayment of rent which should be cookie-cutter to do.

Simply scroll to the bottom and you can actually interact with clients like @Bill B. who have direct experience working with that QI.If you have a comfort level working with someone local that is perfectly fine. 

Lol simply by being ethical.

@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

Its a little more expensive but when our tenants put in maintenance requests we can simply forward those to our contractors.

I would simply use a percentage.

Once you identify trustworthy individuals, then you can proceed.Best wishes and best of luck on your journey!

If you simply ask the tenant to resign the lease and then there were issues I could see them claiming deception to coerce a lease signing, so at minimum I'd likely shar with them there was a recent court ruling and you need to revise to make your lease legal.That said even if your lease is void I believe the tenancy would be governed by State law.