The property and 2.

The price point was worth investing in the property.

Then I used the $8k to fix the property up.

. $75K is the lowest allowable property/appraised value I've seen for DSCR.

The flooding damage cost about $10,000 to repair, and now we've been going back and forth via our property manager to settle the claim with the insurance company.

Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437

Is it a real value add or will it add more stress and complication to the manager's already busy life?  

I am a first time investor and am currently under contract for my first property (yay?!).

What's your best piece of advice or tip when starting out managing a STR?

It would be nice to be able to search, for example, on properties where the mailing address differs from the property address or for properties tagged as non primary residences for targeted tired landlord marketing.