We're also talking a max loan term of ten years, not 30.The myth that they only depreciate is prevalent, but mostly false (of course any investment can depreciate, even SFH mortgages).

It's up to $400k with 700+ credit score. 

The contract does NOT state what they can't do and can't charge for, so owners find out the hard way the PMC can do anything NOT covered by the contract and charge whatever they want for it.Of course, an owner can still try to refuse to pay or threaten to terminate the PMC, but that all takes time and may cost money.

But you can never know the exact best time to sell (or buy).When price corrections happen:      1)   Some investors will lose their properties due to no cash reserves, or no credit reserves.      2)   Some will lose them due to lack of knowledge or not having a market appropriate strategy.      3)   Some of them will lose them because they over-payed, or bought negative cash flow properties, or bought properties they don’t know how to manage (or have a good manager for).Good Luck!

And if it is all business, then you should have an LLC credit card that is used for fuel, tires, oil changes, car washes, etc.At the end of the day, you need to talk to a CPA and potentially an attorney.  

I got my first cold call from a VRBO rep yesterday, and I told her I haven’t had any VRBO bookings in a long time, and of course she wants me to discount further.

This is answered on a more capitalistic view, but of course everyone has their comfort zone. 

Conducting thorough background checks, including criminal, eviction, and credit history, can help ensure that you select reliable and responsible tenants.Maintenance and repairs.As a property manager, addressing maintenance and repair issues promptly is essential for tenant satisfaction and property upkeep.

Of course, if it's that easy of an answer I probably should have been able to find the answer on my own and should probably be charged my stupid/lazy tax for bothering him with it!

Credit where credit is due, the predictions for recession in 2023 were wrong (or pre-mature, which is the same thing).