We airbnb'd out place for a year and actually liked the fact that they screen folks ahead of time. 

Now we are listing it for rent this week and will be working through tenant screening. 

I just can’t stand to look at a screen for hours on end for some reason.

And you can use it to some degree for screening i.e. no pets but their profile pic is them and 3 dogs...Apartments.com and cozy were duds.

If you are doing long term, I would say screen your tenants such that you would be okay with letting them use your laundry.

We just spend nearly $50K in rehab which included a new breaker box, remodeled both bathrooms, retiled kitchen floor, retiled screened in porch floor, replaced cast iron plumbing with PEX and put in a french drain. 

But I specialize in the lease option model so I attract really quality tenants, however, if the screening is done well for the tenant, I would imagine that the tenant base would be good too.  

There is a screen covered lanai and irrigation system.

@Ryan Therrien if you scroll up to the very top, click on "Forums" in the very top toolbar (the black toolbar on my screen), then on the next page there will be a secondary toolbar with "Browse Forums" as a dropdown.  

Mark Mark,If you notice in the spreadsheet screen shot, I used ROI (instead of IRR).The calculation is:($230,000 x 5 + ($13.7M - $10M) x 30%)/$2.5M equity x 100% = 90.4% total ROI90.4%/5 yrs = 18.08% ROI/yrI used ROI so it will be easier to calculate and one can follow along using pen and paper.In real life, the cashflow actually increases over time given the organic or annual rent increases in addition to the rent increase that happens when we do the property improvements.