I spend 1 hr (on the high side) per month managing. 

Or, can you spend a little (or a lot) more and find a home that you'll be able to move into sooner and with less stress along the way?

Lots of fakes out there so be careful.And its not so  much they will steal up front money from you.. but you waste time and money finding a place thinking they are going to fund you put up non refundable EM spend money on inspections only to have your deal die because you got with someone who cant fund or never could fund. 

I would strongly recommend spending the money to meet with an attorney for an hour before you put anything in writing to your tenant.Good Luck!

So, if an agent says that, its not something you should be spending your time second guessing.

The average person thinks about a dollar and how they can spend it.

@Agustin Conti Are you sure you'll be able to sell it and recoup your spend?

What is your budget for accounting for the year?

I guess that is why so many people buy lottery tickets, to have a little nicer car to drive to work....I grew up watching my mom carefully invest in stocks that she held for decades and built a nice portfolio with, I could never understand people who would get a bonus and spend it rather then invest it.  

If your budget is so tight that you can't handle a small leak, what will happen when a tenant fails to pay the last month of rent and abandons the property with $6,000 in cleaning and repairs?