My expertise is property management & I could help you with how to choose the right property management company, but it appears you are planning on self-managing.

This is why many buyers choose to pay cash even if they don't have to as they want their cash to be invested indeed, especially given the current inflation.

Other than that, you can prepare a simple notice letting them know that you thank them for applying, however they did not meet the criteria, and you can choose to tell them it was based off of their credit, and or background or simply just say that the minimum requirements were not met. 

Yearly bank fees for each, aka choose your bank wisely.

Keep the wood (or sheetrock if you choose) an inch or two off the floor to not wick water.

So, they feel the victim can choose to handle it themselves.

RentRedi Just has a $1 fee added onto any payment and the landlord can choose to pay that or let the tenant pay it. 

If Toledo is somewhere you choose to invest and you have any other questions, please feel free to reach out!

So first, I'll answer your question then I'll tell you what I would do if that matters or you care.1) I don't see a need to choose one or the other. 

We'd have to cash-flow $1,300/mo over that period to make that much, which isn't happening.This is all to say that if you are in a market that has good long-term appreciation potential, then whatever rental model you choose is simply a way to make a little money while you hold the property for larger long-term gains.I'll let others chime in on your specific area.