This also costs 200-300 EUR depending on what's included.

Even when I self manage I include pm because it is work and I do not work for free.

Several of us, myself included, were referred by Norada (Marco Santarelli).

However, I notice that Personal Injury is not included and I'm thinking that may be important to have for a Short Term Rental.

Plus, as mentioned your risk exposure would be huge if you didn't have a contract in hand to lease, plus they won't want to lease from you, because they are a Sticky or capture tenant.Start small and Make Your Big Mistakes Early.

My application includes an acknowledgment that everything is true and complete.

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key! 

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.The $1,000 a month includes incidentals for maintenance and taxes etc.

My primary focus is on properties in Miami and the surrounding areas, including Homestead, as I’m familiar with the market here.

It indirectly impacts the credit score, which would be included in either metric.