If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

However, as you mentioned, there is people for that who will more than likely save you money when you consider the time involved.

Prioritize your financial stability.

So getting one involved now and sooner rather than later is a great move on your part.

OrhiOrhi,You may wanna read the thread below before taking a Property Management recommendation from Bob.Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland? 

My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

They did not communicate the scope well to the plumber, who it sounds like should not have been involved in the first place I would have a point-blank conversation about the above with your manager and ask who he or she thinks should cover the waste of paying multiple professionals to shuffle a thin plastic piece underneath an appliance the tenant was responsible for installing in the first place.

I would follow all of his free stuff before you buy anything and realize that when you pay for something, you want there to be others paying for it that you can be involved with in real life because that is where the magic and long-term relationships happen.

Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

That would be nice, but I suspect that I will somehow be involved in it...?