The property management company I work closely with has over 200 STR properties under management and it has worked amazingly for us thus far.Let me know if you have ant more questions, I'm happy to help.Best, Mike  They are VERY expensive and be careful about the duration of their contract as well

@Jim Moore what is the duration of your loan? 

If the management company is properly listed as Additional Insured, the coverage will automatically be extended to both parties as needed.

It is typical for the costs to be higher and the timeline extended.

For comparison:10-yard dumpster: Holds approximately 3-4 pickup truck loads.20-yard dumpster: Holds approximately 6-8 pickup truck loads.Depending on how much debris you estimate (6 doors, carpet, flooring, old trim), an 11-yard dumpster might be sufficient.Cost Considerations: Dumpster rental costs can vary widely based on location, duration of rental, and the company you choose. $400 for a 2-day rental of an 11-yard dumpster might seem high, but it’s important to consider what’s included (delivery, pickup, disposal fees) and whether there are any weight limits.Alternative Options:Bagster Bags: These are large, disposable bags that you fill with debris and arrange for pickup.Junk Removal Services: Some companies specialize in hauling away specific types of debris.

The city is making me extend a cul-de-sac before they will allow me to parcel the builds from the remaining acreage.

When it comes to the "people" part of due diligence that goes beyond the payor/borrower on the note and extends to the integrity of the seller/note holder and anyone that you are going into business with.

I believe that under a standard title insurance policy, building code matters, zoning and other governmental restriction on the use of the property are excluded from coverage so unless you purchased an extended form title policy there probably is no coverage, but it never hurts to submit a claim. 

See below output with a few thoughts:- Would need a few more data points to be precise (rehab estimate, duration estimate, property taxes, insurance, utilities, HOA, maintenance, etc.).- Assuming a 12% HML with a 3% origination fee held for 4 months, with a 30-year cash out refinance at 70% LTV and 7% interest rate, where the property stabilizes two months after refinancing (6 months after purchasing), you would (i) nearly breakeven on the cash out refinance and would generate $455 in monthly net cash flow in year 1, increasing annually, assuming you rent for $7,000 in year 1 and increase rent 4% YoY.- See below and let me know if you would like me to send you a copy.

Just like a bridge builder starts by carefully placing the first few planks, you’re setting the foundation for your investment journey.Fixing and Flipping: As the bridge extends, you gain confidence and resources.