Would also be a great thing to have for a vacation property.The wifi security camera system I like is the Y-cam, mainly because it's the only one I know of that stores your files on the cloud for free.

@Peter Schuyler i actually just cam across cozy and I think that's the way I'm going to go!

The benefit to the owner occupant is that they are building equity, and don't have to worry about landlords, CAM, or etc, but they pay for that with association dues (which eat up your cash flow).

Some gotchas that are common. insurance (sometimes past what your bank needs), property taxes, individually metered suites, CAM/utility costs (if operating), fire/sprinkler check/tests, electrical up to code, fire exits- if not up to code. 

I've done a bit of TK research and have talked over the phone and signed up with some of the bigger TK companies but am not finding properties that I cam comfortable with that give me the returns I am looking for.

Here are the monthly allocations (+10% cushion for vacancy): taxes (TTM/12), vacancy/turnover 5% GSR, water/sewer/trash (TTM/12), repair/maintenance (10%), cap ex (3%-goes to money market monthly), CAM (lawn/snow) (3%), insurance (TTM/12), debt service (actual), property mgmt (12% - although I self manage).   

Cam Dunlap is legit but makes a lot of money pimping other guru's products and you have to trust that he did his due diligence.http://www.biggerpockets.com/forums/92/topics/8236...

Originally posted by @Cam C.

If not, keep in mind that a washer and dryer will set you back between $1,000 to $1,500.Security - this typically includes things like outdoor web cams, new digital locks on the front doors, and perhaps keyed locks on the bedrooms.

Consider also other continuing education and certificates that don't require a 4-year degree, like CAM.