I'm wondering if the same lenders who financing STR's would consider Padspits.You may want to check this, but I would imagine that renting via Padsplit would be considered as a STR which have been highly restricted in the city of New Orleans, and the only way you can get a permit recently is to also live in the property.

How did you finance this deal?

In the same boat considering going this route with a property :)

Here are some options:Demand Payment in Full for Damages: Ask your property manager to send a formal demand for the $5K in damages.

For the FL properties, I have read that for a second property there would need to be 20% down payment. 

Buy a property that perhaps has a legal suite or a duplex.

Start small with manageable properties, mitigate risk with house hacking or partnerships, and stay active in the community.

Hello everyone,I am getting ready to make my first home a rental property.

He said he does not physically visit the properties

I've just put my fifth rental property under contract and I'm really starting to hate manually dealing with bookkeeping in Stessa every month.