Do you have the property documented via photos. 

I am going into this venture with a business partner, he is the boots on the ground guy and is networked with all the right people, and I am providing the capital to get things rolling via a HELOC on my first mortgage.

Running the numbers or implementing the LAPS system? 

@Matt Todd Are those limits on number of unrelated persons because those cities have universities within their boundaries?

We try to stay away from the coins for the following reasons:Less convenient for our residentsProne to theftIf the coin hopper  is not cleared regularly it can jam and make machine unableTend to be older machines and more maintenanceToday, my first preference would be app based, followed by a magnetic card which can be reloaded via a machine in the office.

@Paul S. we've gotten around $200,000 to date in CERA funds.Specifically in Detroit, you get faster & better results via the eviction process.

Or working with county regulations when there is inadequate access via a bridge.

You could always check with a local code via the building inspector or a realtor.

Have been educating myself via podcasts/forums and the BRRRR book for a couple of months.

Luckily, all of my communication with this agent was via email so I had evidence of asking “is our home covered for water damage” and agent response was “yes”.