We will cut them loose if we have to, but I think the old landlord just made it too easy for them.  

I was considering going into real estate investing because I would like to cut out the middle man ( the broker that is) lol and have some diversity with my license, not just helping people buy and sell houses.

I don't self-manage this property which definitely cuts into my profits, but I'll still consider this a win for now because it's appreciating at an average rate of 9-10% a year.

No matter how long a guest stays compared to policy there will be an explanation or excuse or expectation that you will look the other way.Hopefully people understand that with you living next door there will be more enforcement of the rules, but you need to figure out what you can tolerate becuase they are going to push you to the edge and trying to be ultra strict may backfire. 

It's getting a lot more (much deserved) attention lately and it was the highest appreciating market in the country, edging out Miami, the other month. 

If you go forward, make sure they handle all maintenance & repairs on the property too because these organizations typically have in-house staff..Snaking toilets, repairs, grass cut, snow removal, paint...Make sure you're covered with insurance as well. 

You can cut the house off on 5 acres and sell for a little less than you paid for the total ($150,000 less). 

The Tree cutting issue was discussed in more detail on another post intitled "Unlicensed Property Management Company in Jackson Mississippi".

But I would say “Consider your timing.”Real estate is expensive right now, and money  is expensive right now (APR wise).The fed is expected to start cutting rates later this year.  

I'm just saying that there are multiple factors involved and the numbers are just one of them.You are obviously not cut out for the RE game, go start a business or something.