Hey Sarah, We have a property management company in Waterville, Augusta, Skowhegan (Standard Management Company).

This was perfect to save a lot of money while maintaining a high standard of living.

Is that standard practice from the research you have done?

We don't compete, and lower priced neighborhoods still need that service.Everyone starts out with the idea that they are going to work to the highest moral standards, but when you are in the thick of it and you just don't have the cash to close and maybe 10k earnest money on the line, you may start to tell yourself it is legitimate to cancel the deal, after all you have that clause in the contract.

I think 5% is a pretty standard rate to estimate with, but beyond that you might be higher or lower depending on your approach to landlording. 

So for example, in the Orlando market, a 4bd house is pretty low as a standard but over here in the Tampa Bay Area a 4bd house is quite high on the STR ladder.  

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

Also, the home is located near the following: major freeway, hospitals and healthcare facilities, located within 15 mins of downtown, plenty of restaurant options nearby, etc.

Shower facilities?  

What I’ve learned in my first experience is Notice must be given to start the process but I am not familiar with what is the minimum standard for the Notice of Default.