The inspection will be the 1st thing you will want to look at with a fine tooth comb, understand the condition of the property and the expected life of the major items (roof, hvac, appliances, water heater, age of plumbing, last time painted)Once everything here looks good, be sure you understand how much you need to save for repairs/capx when you are starting out, this can make or break your re business in the beginning depending on your financial situation. 

Action items immediately:Calculate the current net value of two properties (via online valuation tools or contact a local appraiser)Organize rental flows, operating costs (maintenance, property tax, etc.) for DSCR loan applicationGet free credit report (AnnualCreditReport.com) to confirm credit scores and debt details2.

Generally speaking, if you are not hitting those numbers you have one or more of the following wrong. 1) bad/insufficient advertising - not list on all the rental listing sites, poor quality pictures, and poor description.2) unrealistic criteria - you want above market for credit, length of lease, or some other item that is out of sync with the current market.3) Price - too high results in not enough inquires and too low swamps you.

Often slightly used unique items are greart and cost only 20% of new, next try to make a cool theme if possible to make your house stand out. 

I regularly review property management agreements for both landlords and property managers (PMs) and it is quite common for property management agreements to include additional fees for specific services or items on top of the flat property management fees.

The info I have heard antidotally is that the actives are up from 2019 but I haven't heard about the other line items.

Such as upgrading the HVAC system  in both units and other items that are value add and could increase rental income.

They said tenants can stay in the house but need to get most items out of the basement.   

Since you have a board and an operating agreement that appears to address this issue, it seems to me that the method for determining compensation should come up as an agenda item at the next board meeting. 

We’ve got to separate this type of loss from those in which the 5 items listed above weren’t followed.