You will get killed on the C and D properties which are usually the majority of most properties handled by a metro PM company. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Pittsburgh is home to many major universities including the rapidly growing Carnegie Mellon University which is “at least partially responsible for Pittsburgh’s growth, from revitalized neighborhoods to a vibrant and booming restaurant scene.”

It is your first year when you get the major tax savings windfall due to cost segregation and bonus depreciation.

With my LTRs I have been switching to all tenant paid utilities after my first winter where I discovered the majority of my tenants were setting the heat at 78 (which is unreasonable in Northern New Hampshire) and leaving their windows open in -20 degree weather.

The majority thing about insurance is to protect the HOA from being sued and to protect HOA board members also. 

There are neighborhoods such as Olivia Beach that allow STR usages outright as well as pockets with specific Commercial Tourist Zoning that are not subject to a waitlist.The other major change to a top STR destination was in Rockaway Beach Oregon.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

In areas like Frisco, Plano, or Arlington, proximity to major employers and universities like TCU or SMU can make a big difference.Stay Curious and PersistentReal estate investing is a marathon, not a sprint.

Did you keep some coverage in case of major lawsuits?