Rental registration fees

[Kyle Hilliard]

Hi Everyone, 

My wife and I are looking to buy a small multi family property to house hack in the next few months. We currently own a SFH in Meridian Township, MI (right next to East Lansing), and are trying to decide what to do with it when we move into the house hack. Our first choice would be to rent it out. The township charges an $800 initial rental registration fee, and then every year a $120 renewal fee and a $100 inspection fee. These fees seem higher than others that I've seen on BP. Do you guys think I should go ahead with renting it out? Is it just a matter of factoring these expenses into the analysis and seeing what the monthly cash flow is like?

Thanks for your help!