Would you enjoy going there to eat?

Again, I have no problems with a PM charging a 10% - 20% fee on top of what the workers charge; everyone has to eat.

You would eat up most of the difference in closing costs so cash-out is not a possibility.

Again, the laminate flooring, the baseboard, and the carpet are completely separate matters, but really, as the other commentators above are explaining here (and they are also both experienced self-managed landlords with multiple holdings) this is probably not something you're going to collect on pretty much anywhere.I'm sorry, Angelique, but my recommendation is to eat the expense.

, maintenance (beyond what the HOA covers), and property management (if you ever decide to no longer self manage) - you may be losing more money than it initially appears.HOWEVER, the Beverly area is on fire right now, it is completely possible that property values will continue to climb quickly, and you could exit your condo in ~5yrs and make a nice profit (keep in mind you'll have paid closing costs once as a buyer, and once as a seller at this point, which will really eat into the profits if, say, you bought at $250k and sold for $300k - not a straight $50k profit, plus you had negative cashflow over the years too).So...

But as a landlord it will definitely eat into your cash flow.

@John Allen the best advice I can give you is to eat and breath Real Estate.

Home owners will eat up buying a house they can put sweat equity into for a 20k to 30k return in future years.

I guess you would just have to wait and eat a month of carry cost before beginning rehab.

We tend to drive the same route to work every day, eat at the same restaurants, spend time with the same people.