I also learned how NOT to screen a tenant and what class of property to NOT buy (for me in the future).

Which is easier to deal with than a non paying tenant.Once they're gone, you'll need to tighten up your screening process or find a PM to take over.

That could mean poor tenant quality, which could lead to them not paying or eviction.

You're gonna look like even more of a fool when I post the screen shots to the contrary. 

Buy quality, if that means every 2-4 years not annually so be it.

I have been living OOS for 10+ years doing Sec 8,,, Love it. 15% ++ NET caps based on cash purchase Buy right, reno right, rent/screen right, 

They can take care of a lot of the monotonous tasks, and even do things like send leases, screen tenants, add rent charges, pay utility bills, the list goes on. 

If you flip your flooring upgrades and appliances will probably need to be of higher quality vs a rental.

The best way to estimate expenses is experience and knowledge of your specific asset type and market.For vacancy, that will depend on your market and the quality/desirability of your type of unit.

The last house I put on Zillow and that worked out well as several people were pre-screened by Z.