The other alternative is to raise capital and be more of a fee developer, at least at the start.

Also, if your state allows it, add a clause in the lease and attach a fee to protect you if they leave without notice. 

Access to MLS is one of the best reasons for investors to get their license since it's such a low bar to entry and low annual fees for that and access to all dumps on the market.

However, it increases costs and administrative work, like filing fees and bookkeeping.Tax-wise, LLCs are pass-through entities or disregarded entities, so profits and losses flow to your personal return, but managing multiple LLCs complicates filings.

From a transactional cost standpoint alone, the fees on the way in and on the way out require significant appreciation to break even.

What are fees associated with the Qualified Intermediary holding onto this money?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

There are asset protection companies who make lots of money off this - I talked to one who said it's $13,000 (for 4 properties) to set up layers of protection then annual fees after this. 

We make thousands extra each year on pet fees and have never had any damage.Most of our guests travel with their pets.

You should be able to build this into your cleaning fee.