Zillow can help you screen tenants for free ensure prospective tenants have;(A) Decent credit (Don't expect an 800-credit score from someone renting a room)(B) 3x or more in income than the monthly rent cost.

We find that homeowners that have self-managed have a really difficult time letting go the first few months.

We have ~100 people in the room every month.

I'm looking for a PM group that has a reasonable monthly rate, manages tenant selection well, addresses property issues with quality, and conscientiously and actively turns properties when vacant. 

I am very local and have been telling investors for 1.5 yrs that this type of market was coming and it arrived about 6 months ago.

PM used my estimate and attached to an email to tenants and asked for payment 5 months after they moved out.

- $500,000 Purchase Price- $0 Down Payment- 4% Interest- 30 Year Amoritzation- 10 Year Balloon- Monthly payment: $2,387Since this deal was so good, with no money down, my acquisitions manager is getting 20% equity in this property.

Had to ask for it almost every month. 

Eg if owning a house for the mortgage, insurance and taxes alone would cost you over $3000 a month (mortgage alone on a 25 year amortization for $500K is $3000 a month, goes down to $2700 on a 30 yr mortgage). 

It will take two months to turn it around and get it rented.