Consider these factors carefully when deciding between a Living Trust and an LLC.

It sounds like you're weighing your options pretty carefully.

It's unlikely any long-term tenant is going to like you using the residence below them for a STR, watching a parade of people come in and out. 

I can have this resolved in an hour or two, PS why is your pm co not taking care of this ? 

Investment Info:Single-family residence buy & hold investment in East Cleveland.

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

Stay consistent in your messaging and TAKE CARE of those little things that tenants get annoyed by. 

That stretches your money farther, have better appreciation, loan buy downs, and tax write offs as a primary residence.

Quote from @Taylor Robertson: This is common, but you have to be careful and follow your process.Every adult should pass your screening and be added to the lease.

I know white appliances are cheaper, but I know they can be stained and pretty gross looking after some time (if they're not being taken care of and continuously cleaned).