I live in FL and self-manage this property but have a Property Manager for my CO property.  

I self manage my units so my views are more related to the actual work of property management rather than communicating results to property owners.The most important factor in successful property management is not a personal quality or trait, it's having EFFECTIVE processes in place to support the business.

Make sure to plan ahead and speak to an investor friendly lender that can help you look ahead at potential roadblocks and how to avoid them or overcome them before getting your self into a sticky situation. 

There may be a way to do it with a business license according to Keisha in Express Permits, but most of the rules seem unclear and unwritten.  

The best part is they are buying these homes with a little as 5% down, they are being taught how to self manage,  and are given the systems to be on auto pilot with out having to hire PM.  

one i self-manage. 

We have 12-doors in Detroit that we still own and self-manage, all of which have gone up in value 2-3x.

A couple ideas below:- Have tenants pay utilities if they don't already- Refinance into lower rate- Increase rents (or convert to mid term/short term rental or rent by the room)- Call the county tax assessor's office to ensure there was no mistake in the tax increase- Call your insurance broker to get you other quotes- Sell the property and 1031 into a better market that does not have those issues- Self manage if you currently have a property managerHope these help!

Luckily the guest plays for the NFL and is going to pay but my client self insures and had no coverage. 

The other thing I wanted to mention is that I'm telling everyone who expresses interest to call me, no texting, no just showing up.