We have just established a short-term rental management company. In the past, we have hosted our own Airbnbs and now want to expand to help others before getting involved in rental arbitrage. We have considered absent...

Looking for distress property is a sign of a potential prospects. factor in what the other guys are saying and its just a matter of you not wasting your time and narrowing your criteria for buying.

You will eventually get the bulk of your business from referrals from friends/family/past clients but in the meantime I would suggest prospecting Probate leads.

Be advised that in some jurisdictions, it’s actually illegal for a landlord to make any inquiry regarding the immigration or citizenship status of a prospective tenant.

+1 for Excel, especially for prospective properties

You will also build relationships with lenders, title and escrow companies (who can help with finding wholesaling prospects), and so on. 

I am currently shopping for a multi family and one of my strong prospects has a basement that is only half finished... and by half finished I mean half of it is a dirt floor.

If it seems prospective, What I will do If I were in your shoes is take care of items that are under $200 repairs and have the seller fix the items above and high ticket items OR re-run tyour numbers this time with repairs and see how this impacts your cash flow. 

Hello,I own a class A single family home and my property manager has been trying for a week now to complete the screening process for a prospective tenant who applied to rent my house.

Aside from that- what's your best advice for starting out and moving forward with a prospective property?