I'm sure you're "asking for a friend", but what is your definition of a "low credit score"?

Hello @Peter Mckernan, These tips are very helpful and will definitely use them on future listings.

Well, I'm not ultra wealthy - I'm not even sure if I fit the definition of wealthy - but I guess I'll chime in anyway.

You can definitely do it yourself and learn faster that way.

Definitely talk to an attorney if you go that route.One big thing: since you haven’t been inside yet, be ready for surprises on the repair costs.

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

Definitely not willing to put money into something like this and potentially worsen our situation.  

I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.  

I'll definitely play it safe.

By definition the first couple of deals in any portfolio that are fortunate enough to exit early will generate huge IRR.