So I was playing musical chairs with them much as you might with credit card balance transfers.  

Wanted to know if it's possible to send a tenant to collections after a move out/ evictions for additional charges the security deposit didn't cover.

Subtract any expenses (for example, we provide welcome baskets for our guests and we pay for them rather than charging our owners).

AirBNB and Furnished Finder are two resources to see how many MTRs there are in your area and how much they charge. 

It's a declining biz model.....the city is trying to crack down on them, and insurance co.s are pushing back on the testing charges (which is where the profit is).

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

A lender would have to be a fool to lend on collateral that wasn't protected - if the house is lost in a fire or whatever, the loan is unsecured at that point and is basically credit card debt. 

Have dad invest as “silent” partner entitled to a return equal to the interest rate he wants to charge you.

The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

Just imagine if you had a property manager charging that much on a 400k house - that would be nearly $350 per month!