Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.

We segregated them from any degree of competition, failure or necessity to conform to any standard.

@Bart TillyThere are various "standard" agreements available in the marketplace (e.g.

We have seen maintenance costs skyrocket over the past 2-3 years and every case is different but here are some general guidelines for reputable (non-crackhead) investor level pricing in our area of operations:Furnace and A/C replacement with lineset for standard 3 bed 1 bath bungalow.

After that make sure you have your property up to standard before placing a tenant.

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

and others that i did not care for their business practice .. but if i wanted to enter the pay to play business I think it would be worth the 20k a year to network with those dudes.. but not my bag 

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

If you have multiple LLCs, best practice would be having a Plus subscription.