The landlord is required to repair EVERYTHING!

Can anyone please recommend a great property management team in Palm Coast,Florida area?

As the 3rd largest MSA in the country it's hard to generalize the Chicago market as it's actually over 100 different submarkets when counting the 78 communities in Chicago property and then adding in the various suburbs, including in and around Naperville. 

Looking to understand the job and the day-to-day.

"Could this be a time to pickup a decent property for a bit of a steal there (at least relative to how crazy high the market has been recently)"Yes exactly

If the HOA seems like they’re making things tougher on STRs, selling might not be a bad move either—just crunch the numbers first.

Also, consider the impact on your liquidity—ensure you won’t need that cash elsewhere during the project.Off-Market Deals: These can offer better margins.

If there are any issues with the borrowers, I don't have to deal with it.

Yes please thank you.  

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.