I've been extremely fortunate that so far, my partnerships (from most of 18 members to the least at 2) have worked out.

The inspection companies that we use are extremely detail-oriented and we use that information to renegotiate contracts or to determine it's not going to be a good deal.

Money is good, consistently pull-in say $150-$200k although being extremely busy with very long hours.

They don't, but it's one of the businesses inside the real estate that's extremely profitable and has a lot of growth for the owner.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

.- Enclosed parking for a 50 foot, might cost $225 to $350.The price extremes are the cost of the concrete/asphalt road and thestorage bay.

Proceed with extreme caution.

But with the array of services and fee structures current property management companies offer, it is entirely possible to pay an extremely low management fee and still be “fee-ed” to death as both an investor—and now even as a resident.Over the past 15 years, the amount of managers and fee structure variance in our industry has been incredible.

But my state is a pretty quick evict state, our rents are somewhat below market, and we have extremely high demand.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.