STR requires more work than MTR and being in another state will require a manager.

Make sure to get it installed with a 3-way bypass so that even if you remove the filter, you can still have water to the apartment by turning on the bypass valves.US EPA requires city water companies to have 1 ppm of chlorine concentration at the consumers faucet so that there is no danger from waterborne microorganisms.

To modify your strategy, keep abreast of market movements, legal requirements, and investing techniques.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

I've been stuck on the status " Manager Approval Required for a some time now and haven't had any luck with reaching anyone with the program.

Building must be kept in compliance with all vacant building requirements pursuant to 13-12-135.

We always provide the applicant with a list of required qualifications: income/rent %, credit score, evictions, etc. 

I almost typed "independently" but there is a nuance stopping me from that, the very issue we're discussing.If the two of you do not have other STRs, as seems to be the case, you only have this one STR to draw the required hours from. 3 material participation tests to try:1.

If I remember correctly, they require the property manager to live within either 30 miles or 30 minutes of the property (I think) therefore if your out of state they will require a local person. 

A portfolio sale would likely require a hair cut on price.