The biggest problem is filtering the 100 or so applicant's per week. 

However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

But, then had: - Late fee splits- Pet fee splits / collected by PM- Leasing fee of 50% for new tenant- Renewal fee- Service fee for work done on the property- Higher fees for certain tenant conditions- Receives all interest on trust accounts- Full page of admin fees including resident liability program, benefit package, pet initiation fee, credit reporting fee, tenant lease renewal fee (in addition to renewal fee charged to landlord), lease draft fee, application fee, utility concierage service fee, legal notice service fee.

@Vasudev Kirs I don’t know that the application sent out to the prospective tenants will divulge your personal name but I suspect for the purposes of doing the actual background checks MySmartMove may need an actual contact person with real information.

It made me realize there's probably other forms or steps I need to take when accepting applications and signing a new lease.

What is typcially the busiest day of the week and of the month for onsite large multifamily property manager.I'm guessing early in the month 2nd-3rd when rent checks are coming in or starting to deal with collections.Maybe Mondays to start dealing with weekend applications, tours, leases?

Many local groups will step in to find and fund "first time etc" qualified hard working homeowners though, find great tennants to get in your units if you go this route, & set it up correctly.If states like Indiana are pushing that they are "tiny home friendly" (in that case I've heard of the log cabin law, but don't necessarily know if that's directly applicable to community-scale developments).

Curious if this would still be applicable with todays rates

This is applicable in business and real estate.

You could try a reverse image search (right click in Chrome) which will find other OTAs where that property is listed, and the direct booking site if applicable.