Lot rent is $365 and includes water.

Do you have someone that manages it all including bookings and customer service or just specific parts like cleaning only? 

My aspirations include becoming a real estate developer, so I want to learn as much as I can.

By the time he was 16, he had a half dozen part time employees and ads in paper to do various handyman stuff including hanging Christmas decorations, assembling ikea furniture, gardening, painting, building fences, etC.Then came the demon child.  

Strategies include offering owner financing, allowing trade-ins, or providing lease options.

@Aaron Gordon  we did the student rentals down here in Narragansett for  a long time and the more accurate screening was getting the major.

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

I agree with a strong property management plan, but I find the screening process is paramount. 

Again, not unless its actually that your gross income (including cleaning fees) is 100k a year and your gross rents are actually only 75k. 

(Not included closing costs etc) 1.