@Jeff Ryers a background check costs money, so free is not attractive.Also, no application fee, in our experience, only attracts broke applicants, who turn into nonpaying tenants.Google PMCs in your area and check their websites for their application fees.

Anybody have experience how to manage a renovation loan and draws using multiple contractors?  

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House hacking will also give you some personal "property management" experience.

I know @Daniel Hyman has a lot of experience with STRs

I'm still buying in Detroit and closing on a duplex here shortly.Happy to talk more about my experience/journey/etc. and shoot you some resources if you want to send me a DM.

@David Freed yes, I have experience in both.

-*Higher for longer rates*Overpriced construction*Lower cash flow given reduction in Post Covid+Much higher competition and in my eyes structural reduce demand for Pigeon forge-esque experiences as GenZ/Millenials start taking over the Family travel spend (as many of you point out).

Quote from @David Greathouse: Usually landlords pay for the water/sewer and tenants take car of their own snow removal in my experience. 

From my experience, a person typically has to mail out thousands of letters to get a small response.Out of the small response a person needs to be able to know how to structure and the ability to close the deal.