I'd expect these to pop up along the route.

When joining a mentorship program, it's important to ensure that the program is a good fit for your goals, needs, and expectations.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

We've had a few applications but only one person meets minimum salary and credit score qualifications (meeting him tomorrow... fingers crossed!). 

@Ike Okwerekwu Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Was fortunate enough to lease for higher than expected rental rates.

Also, long term, I expect Sac will enact tougher restrictions on STR, given the intense housing crunch we're experience, so I personally don't expect that to a be a good long term strategy.

However, there may be a commonly expected way of handling it in your area.

You can stack your personal 50%s up for separate ventures while still knocking out deals without your own capital2) Read Raising Private Capital by Matt Faircloth3) One LLC with the S Corp designation to pay yourself a reasonable salary from the flip profits.

I expect the home to be worth at least 300k conservatively, but up to 325k.