Spoiler alert- Phx is quite a saturated STR area, and many STR's (although some are doing great) are having major occupancy issues. 

Had some issues connecting VRBO at first, too.  

Here in TN we issue POQ within a couple of days of rent being overdue, usually giving them 14 days to correct before official eviction proceedings start.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen.

Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures.

Typically, co-op's are less valuable than condos for a number of reasons such as supply/demand, lack of investor interest, older units, estate planning issues, financing and board policies. 

Yes the lack of identical apples-to-apples comps has been an issue in the area for years.

Team of people watching notifications and contacting guests and if necessary going out to property to address issues.