@Nicholas Frugale - CT just changed the law and their are very specific requirements about screening tenants and providing them a receipt which shows the amount paid for the screening report.  

It's definitely worth paying a contractor to walk the house for you and give you a professional opinion.

I provide to the insurance agent the breakdown in this instance $185,000 (purchase) and $40,000 (renovations).How should I best communicate to the insurance agent how much property insurance that I want (and communicate it in such a way that they he/she clearly understands)?

I have been using Tenantcloud to manage my 40+ units and so far I was satisfied from the features they provide for $144 per year.

I'm in the Metro Detroit market and would be happy to help guide you through the city remotely, provide you with resources and answer any questions you may have.Feel free to reach out anytime!!!

My mission is to identify and invest in properties that can provide affordable housing solutions, contributing positively to the community and helping alleviate the housing crisis.

Like for me I have a business I enjoy that produces active income I don't see myself stepping out of anytime soon, so I am prioritizing the nicer areas/properties that might not cash flow as much right now but will in the future and provide me with good depreciation to offset active income right now.Just such a personalized thing that doesn't have a one size fits all approach.  

They have not met minimum threshold expected of a professional PM. 

I would love to connect with you and see if I could provide value. 

However, the examples you provide that “changed your mind” about success of absentee business ownership are either not business ownership but real estate ownership, or not absentee but multiple unit active management.