While it’s not expected to have a lease in place within 10 days, you can definitely expect to have an idea of where you are at in the marketplace within 10 days and if you don’t have any hits it’s best to start taking action instead of sitting on it.

Protecting bad tenants in a market place comes at a cost, it generally raises the rent for good tenants in the market place.

Speculation is always a key element as well, you cannot be afraid to go for the B/C neighborhood when the marketplace such as the bay area, is so volatile. 

The issue I find is that when I go to list my units, which are clean and moderately upgraded apartments in Little Havana and Allapattah I literally have 70 applicants in 24hrs via facebook marketplace or through the apartment rental platform my property management software interfaces with (like Apartments.com etc).So when I have 70 people lining up with first, last and deposit with no other middleman or agency impeding the process or requiring inspections or causing delays or requesting additional paperwork be filled out where is my incentive to go the section 8 route?

That letter will be placed in the file in case the file gets pulled for a QC or a Pre or Post Audit to detect mortgage fraud. 

@Justin MeltonIf you have a little time, can you look on FB marketplace or OfferUp?

Turn key providers are a good one stop shop option, if they are being honest and transparent about the marketplace you are looking into and the product they are selling (pros and cons, etc).

This dichotomy leads to people being upset.You can find cheaper contractors on Facebook Marketplace or in groups as well. 

.- the rest estimator doesn't work well in less-populated areas. i use facebook marketplace to find 5-10 comps and average them. - COCR isn't as applicable with househacking because of my first bullet point & because it doesn't factor in that you're also saving on your personal cost of living. many investors shoot for 10%+ COCR with a traditional rental property that they're not househacking.

The benefit is you can make an illiquid asset liquid & in exchange collect royalties from people buying/selling fractionalized pieces of the property on a secondary marketplace along with the standard price appreciation of the property.