Seeing it on paper like this makes me realize it doesn't hit the 1% rule either, but maybe because the taxes are pretty low?

This is a decent list, but it doesn't matter.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

It would also be wise to educate yourself on what a good PM does and doesn't do, how they do it, what they charge and why, etc.My book, The DIY Landlord, will be out in December and can teach you how to select or supervise a property manager.

It also doesn’t typically mean the overall premium goes down, as the other rating factors are increasing more and this tiny decrease is lost in the overall total.   

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

A prudent investor doesn't seek quick riches through shortcuts.

hence, your strategy is good for you but doesn't make sense in an economic stress test to a lender.

BP doesn't let us post emails or phone numbers on forums, but I just sent you a connection request so we can exchange contact info.

Then, the question is how much profit will be left and is the amount/ROI worth the venture/risk.And, if you don't currently have a high cash flow income stream in place, it absolutely doesn't make sense.Hope that helps!