I'm still working out the financing part so I don't know if I can get the 30 yrs amortization.

All seem reasonable and live there for at least 3-4 yrs without any rent increased.

I've been in this business in one capacity or another for nearly 30 yrs.

My second question relates to fees:  I calculated the annual equivalent of - move-in fee (1/2 of rent)- annual maintenance of A/C & furnace: $85- management fee 10%- lease renewal fee $200 (every year)- rehab fee (when tenant leaves) $600- vacancy (1 month / every 1.5 yrs)- 10% repair accrualAfter all these fees, my Cash-on-Cash return seems to be 5%, not the 15% top line that just looks at the monthly rent and mortgage payment.  

I have 2 former primary's one from spouse now valued @90k rented for 16 yrs @800 and a mortgaged (176k balance and 15yrs to go) Luxury condo @300k leased @2k.

This is where I started about 8 yrs ago and the rest is history.

@Corey ShieldsI kept my first property as a rental for 5 yrs.  

Have owned my own company for 13 yrs.

Over 30 yrs LE here. 

I'm not sure if I would want to hold for 10 yrs but I will have to look into it.