Since you're focusing on affordable markets in the Midwest and South, it’s important to verify rental demand, property taxes, and local landlord laws.

Yes, long-term rental clients sometimes don't want short-term rental next door to them, but you are the owner and landlord and set those expectations up front so it's on the table before they lease.

How much landlord experience do you have or will you be hiring a PMC?

I have been a landlord for 13+ years and never had a full month of vacancy unless I was doing a renovation, so something is off here

You need income to qualify for loans, you can learn how to manage rentals well (something most landlords never do), you will figure out which communities/properties make the best investments, can earn an above-average paycheck, and may even find some investment properties before they hit the market.

The project will start soon, and I believe it will take that long for the construction company to complete the work on all the buildings.I have landlord insurance with State Farm, which includes coverage for loss assessments that should cover this amount.

Now, that demand has cooled landlords are now offering lower rents to entice new renters.

Tenants must receive; signed Certificate of Rental Suitability no more than 60 days before move-in, Partners in Good Housing Pamphlet, Lead Free/Safe Cert (if built before 1978), smoking policy for multi-unit properties, Bed Bug notice as you describe above.For Pennsylvania: It's also best practice for property owners to include a lease provision that waives the Notice to Quit requirement of the PA Landlord Tenant Act.

Hello,I would like to ask for advice regarding an insurance company willing to insure for liability only, as I am self insuring the property itself: I don’t have landlord insurance. 

As most landlords will attest, issues related to water (plumbing, sewer, precipitation, condensation, etc.) generate the most cause for maintenance, repair and replacement.