There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

This person sent an annual report and a few letters updating the investors on the motel but that all ended in 2020.

I've done camera work and the plumber said they see light root growth, but I could clean the pipes annually to prevent growth and back ups.

I like them both.I’ve now committed to the up to 11 property annual subscription on Hostfully even with 1 property I’m basically giving myself no option other than to make it work. 

Some will cover real estate taxes, up to an annual 3% increase.  

We do Annual Evaluations/Walk-thrus to monitor tenant damages.

In year 2, I am looking at 2% in annual distributions. 

My hurdle rate has always been 15% IRR assuming a 2% annual appreciation rate (I understand that is low but I like to be pretty conservative buy and hold investor). 

That said, I also pay an annual "seat" license to my PM in addition to the 10% of gross rents.