I was confused for the first couple days.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

I have a couple STR investors do this here in the winter months depending on the events coming to town

And got a couple houses from random lines of credit from banks.

I owned one for 13 years but it was a STR for only a couple of years prior and the other for 7 years and was always a STR.  

I’ve been using Obie for a couple years now - I switched from State Farm.

Hi everyone,A couple of weeks ago, I noticed a seemingly vacant and distressed property near my current residence.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

No way to say for sure since each lender is different and I have no idea of the terms you need or your FICO, but it is typically the prime rate plus a couple of points.

However now that it's been a couple years and Avantstay is running these like a well-oiled machine, I probably will continue with them as a PM company when my master lease is up.