My thoughts as well.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

It's likely you'll be able to raise the rent as well with the upgraded unit and you can look to market it during the time of rehab. 

KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

preREO is a marketplace for non-performing mortgages as well as REOs.

Obviously, their capital gains are well beyond the $500k primary residence exemption. 

They don't communicate well, don't take responsibility for their actions, do not clean or maintain homes well, and will shaft you when it's time to leave.Other than that, it's a pretty good system.

You must learn to manage the property well.

If you keep looking in New Britain and Hartford keep Middletown on your radar as well. ;)

You shouldn’t have to go to a second platform to verify a booking.I’m happy to jump on a call to review your current occupancy compared to the market, as well as “the anatomy of a statement.”