As someone who has always had a deep passion for real estate, I believe that the heart of every home is the kitchen.

Get an attorney to review the claims process typically they expire if they do not pursue them after a period of time2.

Evan is right, I have been deep diving and analysing the STR market for a while now and you quickly come to realize that a decent home and location for LTR doesn't at all equate to a successful or profitable STR. 

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

The cash flow would then be used to repay the PML, possibly faster if the home appreciates in value.

The only thing that has changed by the new law is the pre-negotiated commission can no longer be listed in the MLS, so now agents that work with buyers will now be required to have clients sign an agreement committing to a certain commission percentage to the buyer whether or not the home that they purchase has a commission offered by the seller. 

Is this build a multi-family home or a SFH?

For example, if 3/1 in an area typically sell for $200k per home are their any listed at $150k or below because they need work/rehab?

No mortgage paid= they lose their home.

Standard down payment for a new primary mortgage typically range between 3%-5%If you need the rental income from the home you are departing you typically will need a fully executed lease and proof of 1st payment and security deposit