Most people prefer to buy and the past year rents are priced much higher then people want to pay. 

The additional savings exponentially pays for the small additional cost of a quality report. 3.

Now you need to figure out how to find deals and pay for them.

What is the average spread (difference between what you are charging your guests and paying your cleaner) for your turns?

It has separate power (zoned commercial) and the rate I pay is cheaper than the main house. 

The exiting tenants had 2 dogs and did pay a pet fee.

The trustee will be a LLC we create in WY to hold the land trust for the anonymity and added asset protection.The question I have run into now is that some things I am reading say that I will have to register the LLC in the state I live in, (will be Illinois) so I will be basically paying for two LLCs.  1. 

Property owners won't know that going into it, but they are lured in by low fees.The old saying is true: you get what you pay for, not to say that all PM companies that charge "high" will do a good job, but I feel confident in saying that if you are paying very little for services, you will get very little in return.Best wishes!

I anticipate rent to increase over time.Overall, it's not a bad investment but not stellar, but it was move-in ready, no renovations needed, and essentially pays for itself while it appreciates. 

@Bryan OjedaIf the business has been paying the debt for 12+ months, you can usually remove the liability from your calculations.Keep in mind that while DSCR loans don't always report to credit, THEY CAN.