Same here and it works well if your clients self-manage.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

If you have enough to put 10-15% down, they will also cover your rehab costs as well.

@Mike Most If you look at Texas be sure to consider the property taxes and not just the current year compare the last 3-4 years as well.

The youngsters are all doing well and paying on time and I’m helping them learn how to be good adults which is nice.

It can have a positive effect on marketability if done well, and should positively effect the tenants use of the units for the summer/fall months. 

You then have to stack your financing costs on top of that, as well as reserves for Maintenance and Capex.You could always start off offering the other side of your house as a STR and see how it goes.  

Well, good luck with your search....

I am currently looking at Clevenland, OH as well as Montgomery, AL and Buffalo, NY.

I am curious as well