But, if you're planning on staying in it for a few years I wouldn't worry about the cash flow aspect as much at this point.

For your client's cash-out refinance on an adult family home in Washington State, it would be helpful to reach out to lenders who specialize in DSCR loans, especially those experienced with unique property types like adult family homes.Contact Local Lenders: Start with local banks and credit unions in Washington that offer DSCR loans, as they may have specific programs tailored for adult family homes.

Part of the job of a PMC is to own every aspect of property management and to see things through.

I am not familiar with Philly or the technical questions you pose.I am thinking of this from a purely investment aspect.  

In the real estate industry, brand awarenessand lead generation serve different but complementary purposes, each targeting distinct aspects of business growth.

Be sure to do your research by connecting with local hosts in community Facebook groups to find out where most of their bookings are coming from.Listing your property on multiple platforms is a smart move, but make sure these are the sites that travelers to your region actually use.Additionally, consider developing a marketing strategy tailored for snowbirds or mid-term renters during the off-season.

Has anyone else gone through this exercise and can shed some light on the positive and negative aspects of the different approaches?

I would recommend negotiating performance-based bonuses rather than commissions, ensuring that their focus aligns with your revenue strategy.Given that you are looking to expand your property with an in-house store and unique theme, a property manager focused on tailored guest experiences rather than just bookings would be more beneficial.

You'll learn about all aspects of management and can learn more in one year than most managers learn in a decade, all while earning a decent paycheck.

Hard money deals often need to close quickly, so being upfront about fees and offering tailored loan structures can really set a lender apart.On the lender side, the biggest challenge seems to be managing the risks.