If the value really is around $130K, I would expect this property to sell at auction at $60-80K, so be prepared.   

I'm both an investor and an agent, and I can tell you that, as a buyer's agent,  I'd be more annoyed that my buyer skipped over me and contacted a seller or listing agent directly than I would be by being asked to prepare an offer.

@Ramiro De Leon Congrats on taking the first step of saving up money and preparing yourself for your first purchase!

It makes it easier for bad actors to commit fraud on their application.The article does say "The report will be made available to landlords at no cost and will have to be prepared by a consumer credit reporting agency" but landlords should be able to verify that somehow and ensure there have been no changes.

They have already tested what works and doesn't work.

Are you guys testing your rentals for that?

Examples of permissible activities include the preparation professional scholarly articles for publication and participation in seminars, lectures, and civic programs.A Member who writes or speaks for the purpose of educating members of the public shall never imply that he or she is speaking on behalf of any other entity, including RMAI, unless specifically authorized to do so.A Member should report unethical behavior of others to the appropriate governing body.CANON 6 – RESPECT FOR THE JUDICIAL SYSTEMAn RMAI Member shall always demonstrate respect for the judicial system which shall be revealed through the absence of litigation (or threat of litigation) that is intended to harass or maliciously injure another or knowingly violates local, state, or federal laws or court rules adopted for the bringing of an action before the judiciary.Commentary:A Member may, where permissible under the bounds of the law, exercise its reasonable judgment in pursuing with ardor legally owed obligations.A Member may test the bounds of law when faced with issues that are new, uncertain, or have contradictory treatment by the courts, regulators, or in statute but shall not assert a position that is frivolous or for the purpose of harassing another.A Member may, in good faith and within the bounds of the law, take steps to test the correctness of a ruling of a tribunal or the validity of a statute or regulation, provided they proceed with caution, demonstrate respect for the judicial, executive, or legislative entity being challenged, and strive to comply with the existing ruling, regulation, or statute until such time that it is overturned or otherwise changed.A Member should treat proceedings that may occur in quasi-judicial or administrative systems with the same respect as they would with proceedings before the judicial system.A Member shall not give or lend anything of value to a judge, official, or employee of a tribunal before which it has business.CANON 7 – RESPECT FOR THE ASSOCIATIONAn RMAI Member shall always demonstrate respect for RMAI which shall be revealed through their cooperation in adhering to the RMAI Bylaws, RMAI Code of Ethics, and as applicable the RMAI Certification Program and through prompt responses to correspondence from RMAI staff, RMAI agents, the RMAI Ethics Committee, RMAI Certification Audit Committee, or RMAI Certification Remediation Committee concerning alleged, perceived, or actual violations of the Bylaws, Code of Ethics, or Certification Program.Commentary:Membership in RMAI is a privilege and not a right.

.- Consider holding periods: With a potentially slower market, be prepared for slightly longer holding periods between purchase and sale.- Target desirable areas: Research neighborhoods with strong fundamentals, good schools, and amenities that attract buyers.- Stay informed: Keep a close eye on market trends, interest rates, and local economic factors that could impact your investmentsI also lend on fix and flip projects so let me know if you're looking to get an additional quote for your next flip! 

Some companies will only handle bits and pieces of the STR, so you could have one property management company and another company who is responsible for the maintenance and a third who is responsible for the cleaning and preparation of the property for the next guests.

Just testing the waters.