Basically I'm trying to figure out if a rental property I found has better ROI than the stock market.

If you understand how they are handling your properties, you may not feel compelled to micro-manage as much:)The challenge will be getting those processes in writing as many PMCs don't take the time to do this - even for training their staff:( - If you'd like a basic outline of some PMC processes, check out our website where we share many - and no this is NOT a solicitation for your business as we are only licensed in Michigan.Some other thoughts:Late Payments: many tenants pay late, because they live paycheck-to-paycheck.

For example, as the manager do you offer investors a fixed percentage (basically a loan) or do you offer equity in the deal?

You basically own a commodity and commodity means low prices and low investment returns.After years of investing in this type of locations, I've found that, with few exceptions, the way to make money with this kind of condos is to buy as early as possible at the lowest possible prices and then flip when the condo is delivered to those who don't want to take the risk of pre-construction before the other owners realize they won't make the promised rental income and might want to sell as well.In the spirit of trying to be helpful and positive, here's what I'd do if I was in your position and didn't want to sell:1.

It will probably save you money as they will spend less time explaining basic issues. 

So then you are basically ready for your third property already.

STR must be 400ft from any other STR and it has a public comment period for neighbors to basically contest.

Use a basic purchase agreement with an assignability clause, that’s what gives you the ability to wholesale it.

Any management company can post basic info online, but you need one that knows how to optimize ads for maximum impact.

It’s basically Airbnb with longer stays.