What's the best way to navigate this situation regarding the application process as well as the lease administration?

@Ashley MierezConsider your margin dollars as well.

Three and four units properties tend to be slightly more investor facing, but there are still a lot of regular buyers that pick up three and four units as well.

I also suggest you post your listing to "Short Term Rental Listing Advice" on Facebook and let them give you more feedback as well.  

The PM company is starting to kick a little better lately but we had a rough 2024.Always remember that every positive and negative experience when taken well is an opportunity to grow as a person and to learn something valuable. 

The possibility of vacancy would also grearly impact the cash flow as well.

You can indefinitely defer the tax and use it to purchase nicer property/properties, as well as not have to recapture any depreciation.

Columbus is worth looking into as well if you want to hold real estate long term.  

It sounds like you navigated the challenges well and gained valuable lessons for your next venture.

I am doing by the room as well and it has been a struggle to find a pm that will manage it!