I'm willing to bet if rates went down significantly than getting this property under contract would have had even more competition.

Quick question - is your clean team able to get some test strips and chemicals (or even a bromine floater) to monitor chemicals between each turnover?

Is it worth the hassle of even trying to manage remotely and just hire out the management side of it?

Many think all PMCs do the same things, the same way, so chase the lowest price to the detriment of all else.Search here on BP for the horror story posts of dealing with bad PMCs and how they can run even the best properties into the ground.Then, ask yourself your question again:)

I have taken a business partnership approach with this company, and have even mentored their excellent young CEO.

And what's the long term vision: Is this 1 house or you plan on building out a portfolio?

That piece of advice was very helpful for me and its been of pretty good use already, even though it has barely been a week.

Doesn't mean you even need to go through with it.

You can take advantage of Downpayment assistance loans if this is going to be your primary residence.

Excuse me, my statement is true, it's no veggie.Since you're both in the same city, I can agree with where you are coming from, however, even your city defines housing under HUD regulations, they break it down further, R1,2,3 and 4 as all states and P&Z offices do, special use is not a zoning category but an exception permitted.