Obviously need to check zoning and set up costs etc. 

They’re upfront about timelines, costs, and any hiccups that might pop up.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

Wish I had done more renovation work upfront before moving in.

Not worth the up front savings.

are they asking for up front fees? 

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.