In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

As a developer and land consultant, to have that kind of information at the forefront is incredibly valuable.Hopefully that helps.

If tenant knows you do not have insurance, which they could learn by searching for you on the internet and finding this thread, they have the upper hand.  

You're in an incredible area for long term rentals and vacation rentals.

Incredible growth, would love any resources you can share! 

BTW look how incorrect you were, see this is what happens when people sit on the internet and THINK they are " learning" 44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/All the best

Water and sewage main laterals are all at the street running perpendicular to the lots, Power/Internet lines as well. 

I imagine a lot split would also significantly increase cost of utilities as now I would have 3 hookups in that scenario.I am also concerned what would happen to that sweet 3.25% 30 year fixed mortgage I have, which I don't want to create any risk over in the slightest.Any advice on how to frame my counter arguments would be incredibly appreciated.

Hans - trying to find a perfect BRRRR in B class that cashflows well as an LTR right now is incredibly difficult with interest rates.