Cut my teeth on REO and feel in love with the investment end of the business.

And again those are waste of time you dont want to buy these subto or any other way if there is not equity .. at least that was how we did it we want to step into the deal day one with equity so we had exits that did not include cutting a check if we needed to exit.

Respectfully, it isn't always that cut and dry.

This makes us the PM more money, the owner more money, and cuts our Airbnb and they arbitrary refunds etc out.

If you have an insurance claim with renters in the property and a homeowner policy I would expect the claim to be denied.The benefit of landlord insurance is that it will actually cover you, if you try to rent a house out with a typical homeowner policy you are simply not covered (even though you are paying premiums).Insurance is not where you want to go lowest bidder or look to cut corners - it is there to save your behind in the event of a major incident.

And as far as being a young investor trying to cut cost of housing, I always recommend looking at a small multifamily where you can drastically cut down your cost of living. 

Why would you not look for a local manager and cut out the arbitrager? 

Agreed, dodged a bullet and cut the cord and call yourself lucky :)

@Kay Nemen partial cut & paste below:EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

List of things to fix:Clean house, Carpet replacement, Floor patch up, Interior Painting, Bathtub recaulk, water heater replacement, leak check, small dry wall cut and restore, Roof fascia repairThank you.