As long as the city does not hammer the builder with connection fees  ( or waives them would be best) I can see this working well as long as folks will pay that much to live there and of course Schools will dictate how well it will do long run.  

@Amanda Bahil our lease states that we are not responsible for payments lost in the mail or stolen - specifically to cover events like this.Because of events like this, we also charge tenants a $10 Processing Fee if they send us rent via mail - to encourage them to pay electronically or deposit directly in our business bank account.Unlike the comments of others, we see this as 100% the tenant's problem, though not their fault.How do you think a lender for a mortgage or car payment would treat this?

Typical entry fee is $50-$100K for each deals and typically for the best deals you need to be accredited. 

If they don't want to wait for the results of the claim, then once I received proof of USPS claim, I'd agree to cancel the first check and issue a new one minus the cancellation and new certified mail fees.      

Six Areas of Focus:Florence OR - Proposed regulation but nothing formal yet..within city limits properties are eligible for STR usages with a business license to remit local occupancy taxes. 

We are from California and looking for investing in STR for tax purposes and good cash flow.

Offer a referral fee.

Even with the 90% LTC, I still needed to come up with nearly 20k to get into a 75k property after fees and insurance and all that junk, plus since the rehab draws are reimbursements, I needed to come up with the initial 10k for the first draw myself, so that's 30k of liquidity needed for a relatively cheap property. 

But, then had: - Late fee splits- Pet fee splits / collected by PM- Leasing fee of 50% for new tenant- Renewal fee- Service fee for work done on the property- Higher fees for certain tenant conditions- Receives all interest on trust accounts- Full page of admin fees including resident liability program, benefit package, pet initiation fee, credit reporting fee, tenant lease renewal fee (in addition to renewal fee charged to landlord), lease draft fee, application fee, utility concierage service fee, legal notice service fee.

) any ways , she gladly paid the app fee, filled it out on the site, had paystubs ( she is in the service industry) makes enough money no problem.