About the property: 230 doors, 2 pools, 2 club houses, 50% of property is direct golf course frontage, bad reputation in town for being run down, actually is run down and in need of renovation, currently running 22% vacancy as a result.What are we are currently planning:  Training personnel to upholding our business standards, renovating units at a rate of 8-10 days per (based on previous experience), changing the name, new signage, creating actual curb appeal through external paint and landscaping. 

http://web.rhawa.org/External/...   

@Christina Russo I don't have experience as a PM but as a property owner, I can say that I would 100% trust the process of my PM and not expect to be bogged down with hand picking tenants.  

It made me want to hike the price further, but I know it's fair, and I'll be getting 2%.The upside is, I was able to handpick the most qualified out of a vast pool of competitors.

.- kitchen is new and has dark cherrywood cabinets but we are gonna paint those white and add some fixtures- there is external store unit/garage at the end of the carport.

It can help, and I believe an LLC is an automatic no-brainer as long as there are no egregious externalities (CA LLC tax), but strong insurance and keeping everything above-board as far as practices go is much more important IMHO.

I store backups: on my main hard driveon an external USB drive (2 TB)in Dropbox (2 GB for free)in PCloud (10 GB for free).

There's a lot of crazy external things that can happen in the world. don't let them detour you from your path of building wealth from rentals!!

Other places have expectations that you use external resources before calling (Local help desks/MLS help desks).

Offering shorter term lease might be a good idea if the average market rent got a big hit due to an external factor.