Most of our international students opt for the month-to-month.During the summer months, we will rent rooms by the week ((115% of the monthly rate) / 4) and we "encourage" a 2-week minimum.A2) The cleaning service is ~$30 - $45/week; they do bathrooms, kitchens, living/dining room  & hallways/stairwells weekly.  

I usually try to encourage sight-unseen offers with an inspection contingency, otherwise you can spend a lot of time looking at properties that your client won't bid high enough on to get.

Looking forward to meeting and interacting with like minded folks!  

I have a simple question... and encouragement for us all.After you make it big, and you are looking back at all those newbie investors, will you snub them--sticking your nose in the air at the real estate investing challenged among BP members, or will you extend your hand of success to give someone else a leg up?

Don't lose that.I like your business model, in particular the conversion into your primary residence on occasion to take advantage of the tax free gain there.I would also encourage you to look at adding 1031 exchanges to your tool kit in between the primary residence moves.  

Purchase #2 will not be far behind.Good luck with your future purchases.Lastly, this site thrives on interactions and as such we encourage two way exchanges and look forward to your educational and thought provoking ideas relevant to REI.

Set up a keyword alert for your area and interact with the other people in your area as much as possible.

Speaking from personal experience, managing them is not that big of a deal, as long as (1) you enjoy the limited interactions with guests (2) you have an effective infrastructure set up. 

@Jeff MikosYes, you have to take the class even if you have the materials or knowledge. 90 hours total, at least 15 of which need to be interactive (via Webinar or in person).I took my education through Chicago Real Estate School.

The last few weeks have been very exciting and I look forward to interacting with members here at Bigger Pockets.Raj