I’d recommend steering away from condos due to high HOA fees, which can eat into returns.

Next step"If you could sell today, what would you like to get for your property, considering no closing cost, no realtor fees, and as-is condition? 

I charge a really high fee and require the tenant to carry bite insurance.Inspections are done on a schedule and always recorded with pictures and/or video.

This translates to ownership or a fee, but most lenders want to see ownership.

If she pays, then your really out of luck and you have to sue her in court for breaking the lease and damages.In general, I don't take people to court once I have the property back as the attorney fees and the fact you RARELY collect on any judgements (15% of the time or less) eats any profit and wastes your time.

Then he charges me his bank's $13 fee, so a total of $63.     

Down payment on FHA is 3.5% so you’re not wrong there and safe to assume another 2-4% for closing costs BUT you can negotiate seller assist to cover bulk of the fees if not all.

I create a comp set to dive into the competition and analyze how many other MTR homes there are, what cleaning fees are being assessed, booking lead time, # bedrooms and competition and if EV charge, Pet policy and Pools make a difference.JURNY for a PMS system & channel manager.

Annual fee of $1,000, no other payment options. 

In all, the transactional/exit fees are disproportionately higher when selling the inexpensive SFH homes.