Quote from @Brittney Wright: Increase the rent based on what the market supports.

I’m a registered nurse in New York City, new to real estate investing currently in the process of learning and building my knowledge base to make my first real estate purchase.

Instead of denying them, can we refer them directly over to the owner for them to sign a lease with the owner who is willing to effectively manage the contract, payment and relationship BUT would still want to retain us (albeit for a lower fee) to deliver ONLY guest and property care activities (guest communications, organizing cleaning, lawn and pool care etc). 

It seemed the appraiser knew EXACTLY how much I was looking to borrow and solely based the results of the appraisal on that.

I can’t speak for that software, but the software we use, AppFolio, will handle marketing, maintenance, invoicing, and all tenant or owner communication from the same place. 

If any of the "Big Five" systems (HVAC, plumbing, roof, electrical, water heater) haven't been updated recently, they still should be budgeted, even if you expense them later.Also, if you're primarily buying for cash flow, then this seems like a whole lot of work for just 7.75% CoCR!

I would have to go back and look at the costs and then divide them amongst my properties to figure it out but right now I am paying for the following subscriptions:Guesty for HostsRing CamerasPrice LabsHostfully GuidebooksREIHubZapierSignNowWhen I purchase one of these subscriptions it is usually based on the criteria of how much time can it save me, or how much additional revenue can it make me, or how can it improve my business.  

In my opinion, when an investor uses alphabet classifications, B class should be areas that are above median value, median income, primarily owner occupant and in financially stable areas.  38127 as an area is primarily below median value, income and primarily rental properties and definitely an area challenged for economic development.With that being said, houses in this area are not valued at $170,000 to begin with so expecting $170,000 in appreciation is not practical. 

Make sure you have all your communication.

If you do want to transfer the title, you have to be mindful of your lender and willingess to cooperate, be prepared to pay transfer taxes based on the assessed value and other deed preparation & recording fees.Assuming liability protection is the primary reason, what events have recently transpired that have you concerned?