Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Hiring a local property manager can help maintain the property and handle guest logistics.If you're looking for help, I’m a local realtor in California and would be happy to assist you in finding the perfect property or I would be happy to connect you with my extensive network with other top-notch realtors in the area if needed.Utilize tools like AirDNA to analyze potential rental income and occupancy rates for different beach towns.

Collection services usually want 50% of what they collect.

In my area, courts will not allow you to collect the lease balance if the tenant breaks the lease.

Are they collecting enough to cover expenses while also building up a reserve?

If he files a transfer deed to the Land Trust or if he "sells it" then property taxes increase, the change in hazard insurance becomes a tangle.I wouldn't give authority to a bank person to collect rents, file evictions, deal with repairs... there are set up costs and on-going management costs.

Just simple record of properties, manage tenants, collect applications, track payments and expenses, maintenance etc. 

They have extensive resources and support for property owners.Starting with these steps should give you a solid foundation to turn your home into a successful corporate rental or traveling nurse accommodation.

I think the majority of the confusion likely comes from the fact that most all of the builders that have inventory on our marketplace are offering unique incentives like extensive rate buy downs, free PM & maintenance guarantees, up to 10% price reductions or up to 10% cash back, etc. 

In the last 30 days the tenant could have initiated a bankruptcy, had an eviction added to their record, been sent to collections by a creditor, etc.