I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

Start with durable, high-quality basics: plush towels, soft linens, and a fully stocked kitchen with sharp knives, pans, and essentials like oil and spices.

@Nicholas A. your shotgun approach has a high probability of getting the exact quality you put into it.95%+ of real estate agent, many of them posting they are "investor-friendly", only know how to deal with owner-occupied transactions. 

Also, if you need a quality GC in the Charlotte and surrounding area please reach out!

Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

Some people will say, "Take out a quality Insurance Policy and you will be protected."

But occasionally we have issues and tenants need to be asked to leave or just decide to disappear in the middle of winter and it sucks.The worst part is I find the quality of tenant interested or willing to move this time of year isn't the greatest either - often times there is a reason they have to move right now since most landlords don't like ending leases this time of year.Either lower your rent or just hang in there.

Maybe start with a part-time ops manager or a reliable lead cleaner to free up your time while keeping quality high.

Although it may look good on paper, the tenant quality might not be great.