Definitely an important clause to have with all the wear and tear!

I am here to learn as much as possible so I am not wasting peoples time or more importantly their money!

Like it has been said, gaining knowledge is important, but taking action is even more so. 

Yea I have been talking to some mentors and they have stressed the importance of having instant equity and multiple exit strategies in a market like this.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This is your time to comb over the property and inspect everything that is important to you. 

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.

It is important to remember you own real estate in the Poconos and you are choosing to operate a STR business.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Verifying last 2 years of rental history very important!