More rental income than a long term rental (LTR) but less than a short term rental (STR) property.One thing to keep in mind is you are responsible for furnishing and maintaining the property and you might also be responsible for utilities. 

The Town must be notified within 24 hours of any change in contact information.”Question --> If we work with a local cleaning person who can act as the point of contact for the Town and be responsible for maintaining the house, would I still need to contract with a management company?

I filed a consumer complaint with the FTC about 4 months ago and haven't heard a response.

@Christopher Robert NolandRecommend not always relying and copying and posting a ChatGPT response

I’ve already reached out to a few property management companies, and while they would handle most of the responsibilities, they’ve informed me that we’d likely rent the property for $500-$600 less than our mortgage payment.

I do not suggest buying it and renting it to him because then you'll be responsible for the 20-25% down + maintenance + cap X 5.

The responsible time to begin raising capital is once you’ve taken projects through full life cycles (hopefully some with success). 

If a lender isn’t responsive during the initial stages, I’ve learned that’s a strong indicator that it’ll be a painful process all the way to closing.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Be Ready to Walk AwayEven in a tough economy, it’s crucial not to overpay or settle for unfavorable terms: Stay Disciplined: Stick to your investment criteria, whether it’s cash flow, return on investment (ROI), or value-add potential.