Not only can they handle risk management, but they also excel in marketing, optimizing the guest experience (leading to positive reviews and referrals), and leveraging technology such as booking platforms and pricing tools.

From what I’ve heard in a piece by Forbes, focusing on unique features can lead to higher long-term rental satisfaction... especially if your tenants want a few animals or more outdoor space.

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

Any idea of lead times? 

Or could be as simple as current property is with some years on it and want to get out before cap-x starts eroding away things, moving into something that resets that clock. 

This also leads owners to ASSUME simpler is better when it comes to management contracts.

i'd pick a market close by, or that you have a personal connection to, or that you visit often.chasing cash flow by itself can lead to negative outcomes - for example, these investors bought in supposed "cash flow" markets:https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...hope this helps.

We are currently at a low affordability rate, which is typically a leading indicator of slowdown and price trend change.

Sometimes it’s the small steps that lead to the biggest leaps.

This being said, I don't believe we'll be able to meet the income requirements to qualify for a conventional.This leads me to believe hard money or private lender is more the only option to get my foot in the door, use my business to make repairs at very good rates, build some equity then refi once the balloon is due.