Squirrel Hill Townhouse

[Scott Wolfe]

Hi fellow Yinzers.  I was unaware that this subgroup existed so please ignore my question if you see it posted a second time to the general group at large.

Backstory: I've lived in my townhouse since 2012.  Despite how much I love it here, career progression has been tough and I'm planning to move to TX to leverage my military network. No state income tax and a nice property tax exemption on whatever house I decide to call home (one of the perks of being a Veteran). 

However, instead of selling I plan on keeping the home as my first rental.  This townhouse is great. Realitve to comps in the area, the house is completely remodeled (stainless steel appliances, granite countertops, Italian tile bathroom, new hardwood floors throughout, high-end light and plumbing fixtures, etc).  Compared to the comps I've seen in the area it has a larger than average fenced in back yard and includes a recessed hot tub on the back deck. 3 bedrooms (one is a small crib room in all fairness) and 1.5 bath (upstairs main and downstairs powder room).

I have spoke with a local management company to go over their specific services and I believe I have a general concept of how they operate.  Afterwords I ran a simple spreadsheet evaluation to include the various costs involved with making this work (image attached). I'd appreciate any feedback you may have. Sidenote: I'm not turning it into an LLC due to the low 2.5% APR VA homeloan that would need to be refianced by law at an undoubtedly higher rate.