In my state if the tenant requests I would have to hold the items up to 30 days but then storage fees could kick in.

One will argue what does the Management Fee (base) covers?

Thank youGerman LLCs in CA have an annual fee of $800/year.  

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

Exonerated 4 times, $0 cost, and the last one paid a $500 settlement plus my attorney's fees with no admission of wrongdoing on a $15k suit.

My question for LTR investors - what would be an ideal loan for you assuming its for a longer term hold..Please dont tell me 3% no fees, 100% LTV, close in an hour, no prepay etc etc  LOL ...  

For simplicity, I did not include closing costs or loan points in the purchase price numbers, but did include a fee of 10% of the sale price to cover closing costs, commissions, and minor repairs.ModelsBelow are two tables showing the IRR for the traditional rental, using a 20% down payment, and the BRRRR models using a 75% LTV loan.

Initial cleaning fee if needed (may do it myself if possible)5.

CA has $800 LLC fees, and you will have additional expenses of tax filing etc.

Also that syndication is a whole other beast, and while there are tremendous benefits from starting a syndication, like taxes, acquisition fees, sharing the work load, etc, the risks are that much bigger.