@Rahul Sivaswamy if you use the BP Rental Calculator, it defaults to 5% Vacancy, 10% PM, 10% Maintenance, etc.These are all pretty good estimates, except the Vacancy factor of 5%.

I feel it's a bit unfair and frankly I am not going to charge the tenant anymore than what the place is worth market rate because of its location and he is a great tenant (pays on time, keeps the place clean, communicative etc) I feel like i should even give him a break because he said he couldn't even be home since there was construction all summer due to building maintenance repairs. 

Trusts based in Nevis, Lichtenstein corporation/trust hybrids, multi country inter connected entities, generation skipping trusts, outside trustees, “protectors”, etc add up not only to a large initial outlay, but large annual charges.  

Then if you want you can gift that back to her using annual gift limits. 

Ask questions about how they operate, and include your specific questions about deposits, in-house maintenance, etc.I think you'll discover that you got lucky and found a professional company the first try.

My financial models are showing a roughly $250k net profit, so a 10% annualized return.

And that doesn't account for taxes, insurance, maintenance costs.

However, it’s crucial to ensure that the HVAC system is adequate for the space to avoid high energy costs.Flooring: The hardwood flooring adds a high-end touch but will require regular maintenance to prevent scratches and wear.

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

Confirm their markups align with the agreementsContractors:  Do they use an internal or external maintenance team, excluding MEP scope?