If the market involves in a way I don't like, I can go and invest elsewhere.The results you mentioned are great but it's the percentage return that matters, not the amount of dollars. 5 properties with double digit returns are great but again, people need to be cautious when looking at this.Let me illustrate what I mean with one of my own examples, a recent acquisition in Spain, because it perfectly illustrates the point I'm trying to make here.

- Management fee percentage and what that typically includes (my company seems to charge a cleaning fee separate from their management fee, which I hadn't realized)- Additional monthly expenses (my company charged $200+ for a fire extinguisher inspection?)

If you're in a deal with another GP the percentage interest should be disclosed.

What percentage rent increase did you get every year?

I've taught hundreds of folks how to do what they're doing with short term rental, and a small percentage of them get the idea to manage other peoples properties.

This chart, which mashes together some of the FED charts, tells me that the debt of the US as a percentage of disposable personal income is not alarming.

In each city you have looked at, what has been the average percentage of market rent growth of the past 15 years?

- On average, what would you say the percentage of leads you have to track down vs. the number generated in-house by your employer is?

If not you may be able to get a low percentage down loan on your first investment. 

., I think it is interesting when PM's charge all of these additional fees ontop of their monthly PM fee percentage.