Don't forget to ask when the last time everyone's rent was increased - with section 8 you can only do that once/year. 

The secondary goal is to increase rental income down the road.

Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.

any advice on paying mortgage off or faster With a standard mortgage, your monthly payment will remain the same for the life of the loan.

That will increase your material costs for the job and is the contractor paying for the material in their bid or are you paying for it and paying them a labor cost.

When you save up enough capital, slowly increase your portfolio.

@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

With regulations increasing we've been seeing more and more people who want to invest in STRs start investing in Vacation rentals.

I do agree that operating costs (insurance rates) will not go down and may even increase over time.