Cap rate is about 5.5%, but cash flow is less than 100 USD per month.The TK provider is well known here on BP, and they are known to have a decent tenant management.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

Well, what a load of crap.

It is an advanced technique that requires expertise and being well funded.Also, once someone has received a notice of foreclosure, it shows on his credit report as a foreclosure and you can Not save his credit by buying the house before the auction.

Are they requiring a minimum DSCR of 1.25x or 1.30x as well?

Hi Eric....STR can be tough in DFW area, but some people still doing well, while many are bailing, seeing if they can turn them to MTR or even LTR. 

My focus is shifting from cash flow to equity management as well as our portfolio mix.

I am looking at cheaper homes that need a little more work as well. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

No one can answer that because we don't know what market you are in and what your list price is versus the actual value, as well as the scale of the town.When something hasn't sold in 50 days, it's overpriced.