But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

.✅ Professional Tenant Screening – Property managers have systems in place to screen applicants thoroughly, reducing the risk of bad tenants.✅ Knowledge of Chicago Rental Laws – A good property manager stays up to date on local laws, helping you avoid costly legal mistakes.✅ Maintenance & Repairs Handled – No more emergency calls at 2 AM about a broken water heater!

The VA Underwriting Guide says this:Verification: Rental of the Property Applicant Occupied Prior to the New Loan:Obtain a copy of the rental agreement on the property, if any.Use the prospective rental income only to offset the mortgage payment on the rental property and only if there is no indication that the property will be difficult to rent.

Here are just 10 ways they add value:Tenant Screening & Placement: A professional manager screens hundreds, maybe thousands of applications per year.

Maintenance at at PM company or one of the big hedge owners like AH4R, leasing at apartment complex will teach you a lot about applications, fraud, leases, collections, evictions. 

Are you looking at the maintenance/repair costs of the homes once in place, W/S/G costs. septic expense if applicable? 

Have a way to double checking their information they give you on the application.  

If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.

I would first check city/county STR rules and HOA (if applicable). 

I always play it straight on loan applications for they can be enforced for 10 years from signing.