If the heat isn't above the legally required temperature they might declare the unit uninhabitable and boot the tenant out until the situation is rectified (which will of course be a day later when they can come back and verify the temperature is back to normal).

The IRS is requiring taxes be paid for the value of the property.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

A-class areas offer more stable and predictable returns, owing to their typically dependable tenants and lower management requirements. 

@Yang Zeng Welcome to the Bigger Pockets.As you can see in my profile, my business and hub is in San Diego, not far from you, but all our investments for myself and my clients are in well performing markets in the Midwest.We specially in this out-of-state- approach that really requires more than just the properties.I agree that you should keep a reserve and not spend all your funds but I could help you with 6 properties that would pay you about $5K/ month in cash flow or $60K/year based on your available funds while having about $100K reserve.I like to help you see the performance difference between our area in CA and the Midwest.

Go through your requirements, one by one, that you also listed in the ad, and confirm that they meet all of them.

We haven't yet required or charged for any mid-stay cleanings, but as people are starting to request longer stays, I'm contemplating starting to charge for one thorough clean a the 3-month mark if someone wants to renew.

If you have good credit above 740 and have 25%-30% to put down it’s really not a difficult loan process. 8 Units typically will offer a 1.25% DSCR ratio which is required in most cases but the approval is going to be based on the rents.

Am I required to give them my address?

I'm a US citizen but currently living in Israel, and I'm in the process of purchasing a property in Columbus Ohio.My plan is to do some rehab and therefore I want to take a hard money loan which will cover 80% of the purchase price and 100% of the renovation.While talking to the title company, they said there was no problem with me signing with a remote notary.But, the problem is with the lender who requires a wet signutre, and has given me the following options:1.