If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

We have an event this Saturday Feb 12, 2022, you can check out the Bigger Pockets page for it here:https://www.biggerpockets.com/...The group's page on Meetup.com is at:https://www.meetup.com/real-es...There is a $5.00 contribution which you can do in cash at the meeting as well, it doesn't come close to covering the cost of the space but I may be able to get another space shortly. 

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

. :) A zoning change can take up to 6 months, approval isn't guaranteed (despite Aldermanic support), and potentially cost a lot of money (architectural site / floor plans & dimensioned elevations, zoning attorney, holding costs, etc.) 

Considering opportunity cost of not affording more rentals vs paying much more in interest.

How about opportunity cost?

Costing them thousands and making them lose out on homes.

They're offering 5% for 20 years, no pre-payment penalty and the only cost is $2,100. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.