Open to how you screen and prevent problem children! 

Create a penalty/fee that prevents loss of income.

Upper Unit got broken in and they stole the new hotwater heater, new appliances, and air conditioner..... damage flooded upstairs and downstairs units.4.

Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.

@Kevin Hausfeld   Nothing would prevent you from building another home on it, assuming there are no zoning/building restrictions for 2 homes on one lot, but you couldn’t get a loan for it.

Or outsourcedIf they've had deals that have lost money, why did they lose money and how do they prevent that again from happening in the futureIn place cap rate the property is being bought atIn place cash flow from day 1 the property will have (based on trailing financials, not projected)Debt - fixed or floating?

I may never go back to self-managing - still up in the air on this.However, I truly believe the value of the PM is worth what they are charging.

Companies don’t just pull prices out of thin air—everything is strategically calculated.

The other air quality issues are mold, lead paint and rodent feces.

From a publically available standpoint, Air DnA and Pricelabs puts out great data for their paid products on nightly rate, occupancies, etc.