Leave your price too low and you leave money on the table, too high and your occupancy will be abysmal.

I've heard of people doing it 'under the table' but what's the best way to do it for both parties? 

Relying on a property tax assessment for this information may result in leaving deductions on the table.

That said, over a long time horizon, and for investors who are willing to take chips off the table and not continually double down on PML, it's a great return and the spread is large enough to make a big difference.

Thank you so much for the link to the table showing title insurance.

I suspect poor communication was a reason that such a low percentage of people who paid $300 atrended (in San Diego I attended the STR workshop and room was full - this syndication workshop we sat around one table).I have heard Codie present and she is as good as you indicate but not an RE person. one of her lines is something like there are a lot of millionaire RE investors but not a lot of billionaire RE investors and I want to be a billionaire.  

The contract really should set the table on what working with that PM will look like. 

Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.

You just have to get the old tenants on board....and massage the message, so you don't lose your good tenants.  

Tenant was using this as an illegal massage parlor.