The property manager, KS Yoak, found a tenant without my approval or background check, but at first, everything seemed fine.

We received and accepted an offer for $225,000. 

I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.

I thought the way it used to work was just fine.

You'll be fine.

Normally there is some sort of onboarding or start up costs however usually PMs charge based on how much revenue they received hence if no revenue is produced due to the property being vacant, no funds are collected.

Ideally, I’d have an Airbnb down there (for occasional personal use) but have received some feedback that an out-of-state Airbnb would be too difficult to manage.

Today's math is 10-15% down, and re-house hack every 3-7 years.In italics, this is a fine goal but be realistic.

Also did you check your fine print to ensure?

Thanks guys - my partner does the Brokerage and we were discussing how to address the commission - we are fine paying just debating how to handle the upfront question when the Buyers agent calls about the listing ...My thoughts were to simply state that Seller is fine paying a commission and put it in the offer - and he wants to offer the % upfront ...