@Ashley Kehr I use a combination of Apartments.com for rent collection, RentSpree for tenant and background screening, and Stessa for accounting.

- Also, what is their networth, so they are legally collectible for the guarantees?

You’re able to leverage your initial investment and use it for future properties, potentially expanding your portfolio quickly.Cash Flow: With each property, you can create a consistent cash flow stream that builds over time as rents increase and property values appreciate.Wealth Building: By consistently following the BRRRR process, you’re not just collecting rental income, but also building significant equity in each property.

You should get more nights in the smaller property that can still easily accommodate a family traveling, but is still inexpensive enough to make sense to solo travelers.Cleaning fee impact: Don't you collect this back from your guests?

Board collected those funds and put them in Operating instead of Reserves.

So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.  

Maintenance at at PM company or one of the big hedge owners like AH4R, leasing at apartment complex will teach you a lot about applications, fraud, leases, collections, evictions. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

You will be paying 6-10% for just having them collect rent.