Closing Costs – Remember to factor in refi fees and how long you plan to hold the property to determine if refinancing will save you money overall.Since you mentioned owning the property for only a year, your equity might still be limited, impacting your options or leading to higher costs.

You should be able to build this into your cleaning fee. 

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

There are asset protection companies who make lots of money off this - I talked to one who said it's $13,000 (for 4 properties) to set up layers of protection then annual fees after this. 

Here are some of my takeaways from your budget:Operating Costs: Your STR management fee of 20% is high.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I've already had to turn multiple people away after running their credit reports, so I can already see that it's not going to be financially feasible for me to be covering the fees myself.

All of which may factor in. 

I know there is a huge shortage of housing and that has driven up price in the past couple years (along with other factors such as the pandemic, population growth, etc) so, I see listings for 2br-1bth for up to 2200 on places like Zillow, Redfin, etc.  

Your policy may also cover soft costs like permit fees and legal expenses caused by delays.