However, there are multiple programs that I utilize for my clients that give a savvy investor extra credit if the market rents fall below in-place rents - that extra credit comes in the form of 110% of the market rent being used for underwriting. 

@Shawn ParshNo right or wrong answer here.You're likely weighing the extra amount of work required to set up and operate an STR against the extra money that you'll make.

On weekends , i’m a part time real estate agent trying make a few extra bucks. 

Sub to is very hard to do . its usually distressed assets etc etc.

Usually I send notice 90 days before lease end to give them time to see they’re not going to find anything better at new rent or they can give notice to move.

And the extra rent more than covers the cost of replacing a unit even every year.

Get insurance lined up well before closing so now would be a good time.You need a landlord policy, slightly different (and usually cheaper) than a normal homeowners policy.I have been super happy with USAA for our rentals - if you or your parents served then you can get USAA, they are set up to work with landlords.

(In California - to property manage rentals above 30 days, we would need to have a brokers license)We have gotten some requests from guests for stays above 30 days (usually 2-3 months).

Where the floor is cut to accommodate a stairway, the removed structure must be supported by a header and in a basement that header is usually supported by a post near the bottom of the stairway.

Those type of parks are my usual but finding a lender is not easy.