I'd make sure that they have some provision for storing paperwork (leases, notices, rent increases, etc.) since you need good paperwork to protect yourself.However (and I'm not advocating for PM companies), you'll now take on:1) Day-to-day tenant issues2) Maintenance3) Lease-up and rents4) Making sure all bills are paid and rents collectedI don't know how much that is worth to you in terms of $.

I do use the BP rental property calculator...but in terms of Cash on cash return and cap rate, what are good targets in today’s market?

It seems like there's lot's to like about it in terms of diversified employers, affordable inventory, etc.

For example if you are handy and know construction/have contacts in that realm, that opens a lot of doors for you in terms of the condition of the property you're comfortable with taking on.

I would suggest setting goals in terms of activity rather than a number.

If I was buying the house for myself and I knew that $50k would make my house at least as valuable as the renovated home up the street, then I would buy the slightly cheaper house and spend the money in a way that gave me exactly what I wanted in terms of colors, shapes, functionality, etc.My house has to be suitable for me and my family.

In terms of hard numbers, she said 1-2% of value max.

Alice Hi Alice,I know this is an old thread, but would you mind giving an update on how your STR homes are doing in the Davenport / Kissimmee area in terms of pricing and especially occupancy?

Covid has barely affected the market in terms of price.

I know these times aren’t the best in terms of renting out space with this virus getting worse but I’m thinking about my future in terms of retirement.