And this is separate from regular maintenance my property management companies took care of and deducted from the rental income.So the moral here is that RE is great but you can’t depend on cashflow.

Regarding NoteWorld.com, which became Meracord LLC:BE CAREFUL - I found this thread because I'm looking for a Note Service and came across this RICO action against them:https://www.hbsslaw.com/cases/noteworldmeracord 05/15/15: $1.45B Default Judgment IssuedUnited States District Court Judge Benjamin Settle issued a $1.45 billion default judgment.

They care about the asset and how much money I have in my checking account.

And then sometimes the house is pristine because it was a 90 year old person in a gated community who died and no one came behind them to take care of things.  

I added value to the deal by carefully evaluating the property's potential for increased rental income and implementing strategic improvements.

If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?

But they were functional and I didn't care.

They did not care if the LLC was newly created. 

As Patrick mentioned, I would be careful to be competing with the new builds and stick to more affordable price points or places with a large yard or no HOA that will appeal to a different group of people than the new builds will.

You have to be careful in some of the north GA counties as they have really started cracking down on STRs and the number of STRs allowed in the county, etc.