Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

IA will be building, collecting rent & and taking us on virtual or real vacation. 

This raises the operational costs for hosts.Compliance with Hotel Occupancy Tax (HOT): STR operators must collect and remit the city’s HOT (9% for San Antonio and 1.75% for Bexar County)​. 

It was obvious he valued the upfront fee more than the potential of a real partnership where we could collectively earn substantial profits (hundreds of thousands of dollars vs 10k) in a matter of weeks.

It requires a lot more work, follow up, and it's necessary to have systems in place to support the tenant vetting, rent collection and creating lease agreements.

This can help you capture leads who are genuinely interested without them getting sidetracked by other properties.Lead Capture: With a simple lead form (like a “Request More Info” or “Book a Showing” button), you can collect contact details from potential buyers and follow up.

No rent can be collected during the UD action. 

Next you want to form an LLC that will serve as the management company for your LLC and perform duties including rent collections and sign all contracts on behalf of the business.

Quote from @Brandon Weis: As a property manager, I know we do a lot more than collect rent and post notices: Move-In and Move-Out InspectionsProperty ShowingsRoutine InspectionsTenant Screening and InterviewsMaintenance and RepairsVendor ManagementHandling EmergenciesNeighborhood RelationsLease Violation ManagementCurb Appeal and Landscaping ChecksI opened in a new market (just 30 miles away) about six years ago.

Ziprent will write the lease, execute it, then get the tenant in the unit and collect first month's rent and deposit.