Its extremely important when running tighter margins like what you're talking about to focus on age of HVAC, water heater, appliances, roof, etc.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Mahalo Nui Loa, Kwok They aren't running the comps correctly if you can't find a single comp to fit that metric for single-family homes in Indianapolis.

Furnace filters, though, are important for keeping things safe and running well, so I would say you could take care of those but leave fridge filters to the tenant.

@Matthew Giblin you're highly unlikely to succeed if you spread yourself over 4 markets.Recommend you do more research and just pick one of the 4 markets.Then do a trial run and see how it goes. 

The numbers I’ve been running look really promising from a short-term rental (STR) perspective, and the area seems to have favorable STR regulations—or at least a lack thereof.

I have taken all my taxes and insurance out of escrow, and I run them through credit cards to rack up points, so I pay a lot of bills every year.3.

I have found impressive opportunities for flips and while searching for capital investors I am wary to shell out too much information on the project in fear of the potential investor taking my ideas and running with them. 

If a co-host/PM is trying to charge you for questions that you definitely need to ask each potential candidate just to make sure they know what they are doing, RUN.

Running detailed cash flow projections, factoring in their management fees and expected rent increases (you can use some of the great BiggerPockets Pro tools like the calculators to do this!)