Can anyone share some of their insights... does one perform better than the other...are there specifics I should consider? 

It is a way to have your money work at two places at the same time, and on top of it you get financial protection for your family.If you use a third party lender, you can get arbitrage on the loan rate vs the policy rate, and you can also deduct the cost of the interest as investment expenses.It is a long term play, as the front loaded fee will need four to six years before you get ahead of investing without the use of a maximum overfunded permanent life insurance.For whole life insurance, there are mainly four companies that I would recommend. 

In four months they'll essentially pay an extra month of rent which helps compensate for the additional work required during turnover.I also use month-to-month when a tenant appears high-risk and I want to take them on a "trial run" to see how they perform.

I'd perform my own due diligence and assign my own risk, who cares what other people "say the cap rate is"

@Peter WaltherInteresting, in VA it seems to be paid twice a year, one in first quarter and another in third quarter.

You've put a top and a bottom on the amount (good), but you can't perform if it is at the bottom of that window?

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

The owner was a do-it-yourself guy and performed a lot of upgrades like kitchen countertops, cabinets etc.

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

These inspections typically take place with the occupying tenant present and may allow them to address concerns that you, as a property owner, may not have known about otherwise.You can also perform drive-by inspections without needing to coordinate with the tenant to address any concerns with the exterior upkeep of the property.Document It is always a good idea to document every interaction with a tenant and any and all work done during their occupancy of the property.