We cleared out mountains of clutter, pressure washed the exterior, and tackled endless repairs.

I also like to have my phone handy showing the final comp set pricing on the traveler view on Airbnb at the same time.I think starting out slow is good.

And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.  

BR gets a decent amount of bookings from Floridians so gas prices and opened up air travel would be my immediate concern if you are looking for a cash flowing property now.  

The property management company has developed a plan to meet this requirement:a) cleaning all windows troughs and sills, scraping and painting of window troughs and sillsb) scraping and painting of all previously painted floor surface that is chipping or peelingc) scraping and painting of any exterior paint that is chipping or peeling including garage decks and house d) scraping and painting of all exterior door thresholds and jams Their estimated to complete this pre-inspection repair work is $500.The certification inspection is $350City filing fee $50Property management coordination fee $50I need to know if this certification is mandatory or not, maybe Cleveland realtor and property manager on Biggerpockets could answer me and clarify my doubts.Let me know pleaseThank you very much

I assume adding an exterior set of stairs is out of the question?

@Luke Bricca Yesss...my heart is really in renovating and giving houses a new life (did that with my own house pretty much) but alas I live in the Bay Area so there is nothing I can afford here....or anywhere nearby really... plus a small kid (so travel is hard), so hard to travel frequently and supervise a contractor, etc. 

If it has a basement, I'll look for discoloration in the exterior walls, sometimes you can see if there's been water in the basement (where I live sellers are required to disclose water problems).

The mid-term rental market (insurance relocations, travel nurses, and other professionals) is oversaturated.

Do you send application to traveling nurses or only working professionals?