I also implemented a bonus structure this year that is focused on growth of the company.

Late fee amounts and timing are often affected by state law, so be wary of implementing the answer someone gives you.As far as vacancy rate, 5%. 

In the end it was worth it I think because about 65% of the reservations converted to signed PSAs once we had the green light from the state. 

I gave him the green light.

Implement a Mgmt strategy? 

I would say that the closing costs savings are generally pretty light (if even existing on these) - its not super logical, but often worth the hassle to do as individual loans

Would suit a professional couple or family looking for more light.”I'll see myself out...

You could easily manage a significant volume through a free Google Voice number and an email address.Considering that most residents lean towards email and text rather than phone calls, you can periodically check those messages or any voicemails left for you.As your business expands, you might want to consider implementing an efficient property management software.

Question on reply to another user about: What actually makes a market better or worse to try and implement the BRRRR strategy.

We are now investing in an advanced CRM that will interface with our PM software for even more customization and automation - including hiring a specific expert to implement it for us.It will be a painful learning curve - short-term pain, for long-term gain.Suggest you make your list as you learn on the fly about what various softwares offer.Check these out: Buildium, Doorloop, Appfolio and Rentvine.Take your time, because switching is another painful task:(