You just need to formulate your plan on how you're going to get there. 

Just starting my TN journey and I can tell this is gonna be a fun endeavor.

@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

We just signed a 63 unit two weeks ago and have signed on a 67 unit this past Friday.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

But if the people who sit on the board are just not fun to deal with, it will make your life not fun.

You are just making less than if you used one while doing more work.

These factors minimize your risk and ensure that you have an investment, not just a rental. 

Being harder on the property means more intensive repairs & maintenance, particularly on a unit turn.3) If your focus is just cashflow, this may be a good strategy because the tenants tend to stay longer and the rent is backed by the government. 

If someone asks if it can sleep 12, I don't charge for that either.I would either just charge the guests more for the cleaning or if you offer free cleaning, add it to the nightly rate.