It's done well enough to keep the lights on with a modest profit, but definitely could do a lot better with more of that experienced property manager's "secret sauce".

Hey @Hannah Stern - this isn't an uncommon situation, depending on how well versed you are on the property it may be wise to order your own inspection to pickup on any faults that could affect the underlying policy. 

I finally figured out how to set things up properly with Lodgify + Pricelabs and it's been great so far.

PriceLabs has worked well for me, but there are many options.  

Don’t rule that out if you need just 50k at a clip to buy properties as well.

However, it's wise to explore other markets as well, such as the Sunbelt region. which has seen strong population and job growth.Leverage vs.

However, with a 5% down conventional loan, there isn't a strict limit on the number of properties you can acquire, as long as you meet the lender's criteria.One strategy I've seen work well is using the FHA loan to buy your first multi-unit property, live in one unit, and rent out the others.

Just get prequalified so the unknown becomes known.

Hemlane offers property management through our innovative model where we send 100% of the rent to you so that you can control and approve expenditures as well as have full transparency into the day-to-day so you always know what's going on and can make key decisions. 

However, like any investment, they come with their own set of risks.