Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Over all, a portfolio of DIVERSIFIED (as to residential areas) properties utilizing a buy and hold strategy should provide an adequate risk adjusted return without utilizing any other “opportunistic” strategies to “gig” the ROI.  

Do most of them include the utilities in the monthly fees?

Please provide a forwarding address prior to moving out, and be sure to cancel/transfer any utilities out of your name by the move out date.

Well, do they have a job to pay that extra $200 plus utilities per month?  

After getting a good amount of equity in the house for future HELOC funding, I was going to move out of it and use the property as a rental utilizing a lease option, or, rent to own agreement. 

We manage a portfolio of 500+ units and the most common duplex you will find in the area is an up down that has 2 beds and 1 bath per unit, your looking at $600-$650 a unit for those. 

The most common pitfalls include underestimating the workload, difficulty finding reliable tenants, and managing legal requirements.Additionally, DIY property managers may not have access to the same resources and networks as professional property management companies.

Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

In my area foundation issues is common so it's something to include in the numbers.