It needed new doors, baseboards, and casings throughout (chunks were missing from many of them); new flooring; new subfloor in a good portion of the kitchen; some rot repair in the walls in the kitchen; replacement of the tired kitchen cabinets (the largest of which was totally rotted) and bathroom vanities; wall repair and fresh paint throughout; remodel of the poorly designed master bath which was a very unsightly room to begin with and not functional and a huge deterrent to decent tenants; rot repair and new furnishings in the main bathroom. 

Census Bureau shows construction costs went up by 17.5 percent year-over-year from 2020 to 2021, the largest spike in this data from year to year since 1970.

A good friend of mine is the largest student housing provider in a major university town.  

They'll be more competitive in rates than their retail counterparts.It's a tough industry to start out in if you are on an island, so I wouldn't recommend somewhere at first that is completely remote.

Just an hour north of Austin this city has the largest military base on earth and will be more and more desirable as Austin grows unaffordable for the average person.

The stress relief is probably the largest benefit.

I know that places like Martha's Vineyard and Nantucket are hurting because they can't hire enough seasonal staff whose families own 2nd homes on the islands.

@Cameron Kelliher  not sure if rules allow, but I manage the largest Philly Landlord FB group and we are very good at sharing info and supporting one another.   

They get discounts and I get some commission, and it saves me on having to answer questions about fishing charters or how to get to Crab Island.

I assume you've never worked with a property management company before, I run one with a $75 million dollar portfolio in Cleveland, not the one the OP is working with, but as the owner of one of the largest management companies in Cleveland I have the ability to break this down from a real world perspective.In regards to "firing the PM" it's not that simple.