I also talk to a local rental management company tomorrow to see what their projected rent would be for the property.

They won't die if they can't flush their crapper at 3 in the morning. 

There are other factors to consider, such as the quality of landlord-tenant laws, the court's ability to protect landlords, the ability to find a quality property manager, etc.

Property insurance is only part of the risk management equation.

She took on the property management side for a reduced rate as I purchased the place recently through her.

I’ve also managed units where on our renewal rate we did reduce the rent from the prior year, but for other reasons, such as the prior year of the tenant having a washer and dryer, and a major plumbing issue with the building, preventing us from offering it the following year so we did a reduction.

It takes a little more calendar management but can be very worth it if it's allowed in your area.

Condo HOAs can have personalities to manage but can keep the property in better condition and can cover some expenses. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.