And if all houses have not been fully rehabbed (we do fulls on every buy), some expected number for capital expenses should be included in that (IE if you have 3 years left on your roof you need to be deducting $X from that figure, repeat ad nauseum for all major capex).

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

I will look through all of the major platforms (Furnished Finder, Airbnb, Zillow, etc.) and see how much furnished MTR units are going for.

@Harrison Jones  One of the major flaws in your perspective is that it is focused on cheap rent (driving rents down) not affordable housing.

If you don't foresee any major obstacles to qualification, I'd be happy to set up a viewing for you.

Yes I do understand a majority of people don't think its a good strategy mainly because of the turnover, the risk, the lack of equity. 

Eamon,Any time you face a major issue with a bank/lender and they fail to refund your money or it costs you money and a lost deal due to ignorance or bad lending. 

Had a few small problems but nothing major.

Go through each major line item and come to an agreement on what really needs to be done.

I know I'll have to do major screening but seems to be very successful/passive as someone who at one time had 200 section 8 SFR rentals.. there is a lot of miss information about the program..