Originally posted by @Tyler Jahnke:Hi @Natalie Vane - the PM contract does not clearly state I'll be consulted for approval of repair/maintenance costs.Advertising expenses are not clearly stated and limited to a specific amount.You bring up great points and potential loopholes, but I'm putting my trust in them that they won't surprise me with a $10K advertising bill.

A local lawyer approved lease worked for the tenants I chose; I took in rents on Apartments.com.  

I want to know how much I can get approved for and what steps to take to figure this out. 

Are there approved vendors you must use for unit repairs? 

According to 5, the city has battled efforts to limit local regulation of short-term rentals.The state of Florida recently approved Lee County's minimum standards for vacation rentals, which means that reservations can resume in Cape Coral.

You turn in your claim within a few days after moveout & they send you the money in a few days after approval. 

Ive done all my research (plans, permits, contractors, etc) and feel like it's a no brainer and a fairly streamlined approval process in my area.

First things first: Before diving into any market, talk to a lender to understand your financing options and get pre-approved.

@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

I suspect they have probably gone full blown HML doing  A  and  D But yes legit professional and once approved they will fund.