I plan to self-manage it, should be able to easily demonstrate 100 hours and no one works more than me on it, and keep the stays under 7 days.

While NOI is a given number that can be derived easily, how is the cap rate derived?

A simple example is baseboards: if they're considered permanently attached to the wall like being glued on they're treated as a long life asset, it would damage the wall to remove it so it's like part of the wall; on the other hand if it's easily removable like being tacked or nailed onto the wall it qualifies for 5 year.

With less than 10 properties, maintenance can easily be tracked on a spreadsheet.

So kiddo's, let's stop there and put our thinking cap's on for a moment:If we want to MOST READILY/EASILY/CHEAPLY find OFF-MARKET purchase opportunities, which do we think that would be???? 

The problem with the scenario isn’t that the loan to value is out of wack, it’s that the buyer has no “blood” in the deal, and can psychologically more easily walk away.  

In fact, an agent can get you into on market properties and when you write an offer, the rest can easily be handled by a title company / real estate attorney (depending on your area) all the way to closing. 

Would like something like a high yield savings account where I can easily transfer money in and out (of course with limits etc).

The amortization and terms as easily shown in a single excel file.

On very heavy rain days we always get a lot of calls due to some basements flooding.It's just the nature of the beast and nothing major.Maintenance pumps out the inch or so of water fairly easily and quickly.Property management walks (For free) the property yearly before the lease renewal.We had push back on charging $250 for a 2 x yearly Property Condition Report through Inspectify but are now having a "click out" option so we can't be blamed in the future for deferred maintenance.It's incredible the lengths that we need to go through to protect the company from such instances.With that said, we could have done a better job with preventative maintenance here.Investors reading, "Yes" we do our best to cover absolutely all angles as your eyes and ears, heart and soul on the ground.