Additionally, you could also consider charging a higher security deposit in the case that you have to do any extensive cleaning of the property following their move-out. 

Hello Cosmas, I have a few additional questions I will DM you but I think I can help out here.

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

We require all tenants to add us as "additional interest" on their policies, so we know when policies have been cancelled, but if a tenant chooses to violate the lease and not carry insurance they can eat the costs of their belongings if something happens. 

See below.I have found that all I need is AirBnB (linked to HomeAway and TripAdvisor) with no additional reservation software. 

I have suspicions they are not managing as effectively as you may believe and this may warrant a look at a different PM firm rather than piecing together the services and taking on additional responsibilities. 

Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.Here are the options I can think of:*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)*Rental arbitrage (no extra capital, better cashflow than LTR?)

Attorney's can help with some things, but I don't know a single attorney that has a formal credit background that understands the ins and outs of underwriting a deal.

Otherwise you show the lease to your title company and have them credit you the stated deposit at closing. 

I have a clause allowing 2 months rent free and $1000 a month rent for up to 4 additional months, thinking/hoping house prices will start to come down and buy then.