Did right around 138k in two houses on 218 nights on two side by side houses combined.Our thought process is we would rather have a high ADR and lower occupancy than be 90% with higher use and damages. 

While it may seem counterintuitive, having a specific tenant in mind when designing and marketing the proeprty is very important.

And then judging the responses would be part of the process in vetting the PM.

Basically a Build-to-Rent if you are interested in the entitlement and development process.

Yes, it's generally advisable to switch your home insurance policy to one specifically designed for rental properties once you convert your househack into a full rental property. 

Hello, I’m in the process of obtaining a loan to buy a multi-family unit apartment.

Every lender works the draw process different. 

When you reach out to the city, you should inquire about the specific permits needed for renovating a burned home, any special requirements or restrictions, and any inspections that may need to be done during the renovation process.

You need to have in your process to adjust the rent every year.

You'd most likely have to look for a commercial unit, which would be more likely to have the card reading accessories you're talking about + they can keep up with the constant use, which residential units aren't designed for.