Quote from @Jill Young: I'm interested in purchasing a property in Texas (that's in a great location for STRs).

Why have an appreciating asset out of state go right into the landlord's pocket here?

I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

You need the right solution for your day to day operations.Your need is to make the management side easy, so that you can analysis your accounting, business and management all with only one entry.

It can be trained to provide an initial analysis but I agree, nothing replaces expertise and sound underwriting. 

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

All input in this realm would be greatly appreciated.

So with interest rates high...

This premium works exactly like points, but can be financed into the loan.

This is a great place to learn and to connect with people so take advantage of all the great resources.