Sober living facilities can carry a higher insurance cost plus riders due to liability and likelihood of predictable behavioral issues.

@Travis OglesbyGet an attorney to write up the agreement between people whose it as it will list maintenance requirements, putting money aside for repairs etc and who does what.You will need to get everyone to agree as well.

If the potential renter gets to this stage then - you can send an application, require an application fee to offset your costs and let them know that upfront.

But you may be right that it's a little too sloppy and could be cleaned up a little for ease of reading. 

Second, list price is not a benchmark for a good deal, you are hung up on beating up the seller and if you are not achieving a win-lose scenario, you walk away.

Management fees are at 8%, them what has made me worried is the "sign with us now with two properties instead of the one and I'll reduce management to 7% this week only".

I use Turbotenant for collecting rent and electronic lease signing and it's been great.

If it helps, 800 credit score and theoretically could build for cash...but cash is earning more and doesnt want to tie up the liquidity.

The majority of STR properties in Oregon fall within the loan limits of  up to $2-3M depending on the property type.

You tend to see higher turnover when it's that small; good chance the property owner or property manager can't find people that a) only want 700 sq ft and b) are willing to sign a 5 year lease.