I am a long time real estate investor with 30 years of experience. 

As I got older I realized I am not the best at everything and can find people to do things a lot better than me, and while it is an expense, in the long run it saves me time and money.

Property management company fees range from 8-15% in Florida for long-term rentals.

There's a long checklist of items to prepare before you start your direct mail campaign:1) Is it scalable (manual letters aren't) 2) Are you using your time in the most efficient manner (handwriting is ok for starting, but you need to hit 1000s of targets to get the responses to grow your business) 3) Is your message correct for that market?

Since a mid-term stay could technically last for 60 days, is that a Damage Protection coverage for reservations this long similar to AirCover?

I also intend to hold assets for long term.  

Perhaps this agent and vendor are ready to be creative, as 3 years is a long time to carry property with no income.If you have any specific questions about owner financing, feel free to contact me, I've done a number of deals like this on the private market. 

Make sure to follow all legal procedures correctly and keep documentation of all communications and actions taken.In the long term, taking preventive measures from the start can help avoid similar non-payment issues in the future.

We are building apartments for short and long term rentals and for condos for resell in Dominican Republic.

You'd be single for a long long time.