Many companies charge a % of total rent, but for homes with a low overall rent they either won't manage it at all, or they move it to a flat $ amount, which is typically rather large as a percentage of rental income. 

I think I have figured out why we do not qualify for the STR loophole and why my accountant keeps saying we would not get any money back if we front-end depreciated the home: I have a property management company in place. 

When companies or properties are not self sustaining, you would initiate an "owner contribution" to cover any expense the business/rental property could not cover. 

Throw an LLC together with a few people with $1m each, and buy it, San Francisco isn't short of folks who got lucky with this or that IPO and have the money, most of those tech companies have an unofficial employee-maintained slack/discord channel where they talk about real estate stuff.

I also own a property remodeling and architectural services company with a headquarters in Daytona.

Just a tip: make sure you go into it with an experienced brokerage who really know their way around.I’ve personally been helping international investors get into the Dubai scene and work with experienced local companies that handle everything from start to finish. 

So, if you are talking about truly early journey, it was working for other people's companies who were where I wanted to be.  

@Kathleen Andrade My insurance company won’t let me rent to college students of any kind.

This way when you run reports you can have them separated out and see what was spent by the PM and what was spent on the Operating side.Self-Managed - Location is "Self-Managed", the classes will be all the units.

Also, there are PM companies that charge a flat fee vs percentage.