If the higher end rent prices on comparable units take an extra month to fill the vacancy and also the tenant stays 1-2 years instead of 3-4 years on average those landlord make LESS income charging that rental price ESPECIALLY if they pay a PM a placement fee upon turnover on top.

Income taxes are a lot higher on rental income. 

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

Some questions I have.1) Do you make enough from your houses that you can not only replace your income but also make enough that you can continue investing in real estate?

But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.

Thanks.PM fees in Ohio typically range between 8–10% of gross income.

Are you looking to build up your cash, get recurring income, subdivide, get into new contruction builds, etc?

I am a realtor and believe my income will not be as high as it has been for the past few years moving forward. 

With interest rates climbing gradually and the "potential" for a recession, the need for housing is still at an all-time high and people are choosing apartments for several reasons.