The only fees I incur are non-guest related repairs which Avantstay handles and the vendors they use are reasonable on cost. 

It provides an opportunity to see what's happening in the units.You still have the ability to evict for lease violations, but your less likely to face non-payment issues. 

All it takes is one non-payment or messy eviction to set you back months and even years in cash flow.

Public forms are not the best place for asking legal questions since it's rare to find a unified accurate answer, so hopefully the video helps. 

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property. 

In fact, someone just called me last week and had a non-performing rental package that they purchased in the same fashion and the prices they bought at, considering the actual condition and historical performance of the properties was too high in my opinion. 

Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.

- Value add - How much does it cost to convert Non-climate controlled units to climate controlled units? 

I have personally advertised in Realty 411 its a real publication and as I stated  Linda I have know for over a decade personally and I am real I have 50 years in the real estate game..

Our pet deposit is non-refundable which is what I generally would recommend (assuming your state and local laws allow that).