That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

I think other people seeing makes me feel accountable to post along with having it written out.

@Hai Le - Usually you have to provide written notice / 30 day notice if you decide to not renew their lease or even just asking a tenant to leave.

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.

Currently working with an out of state investor looking to do the same thing but invest in a nice STR out here. 

Even with the discount, the investor will be a life style investor who wants to own in PR more than optimize return.  

If it's rehabbed nicely, then you will no issues finding a tenant.

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

I had written turno notes and messages to clean upstairs room after last job was downstairs room.

Our best case which I keep to myself, and our worst case which is fully written up official quote yada-yada.