However, i don't think tenant placement fees are hidden charges i think its very common anywhere you invest. 

It would never appreciate to where it would be worthwhile and great cash flows on paper but not gonna happenI would bet this is common in many of these other urban low priced areas.

We've gone through and vetted the local vendors to make sure the person inspecting it isn't going to just "look for work" as this very common in these industries.

Both are common and profitable strategies, so invest in the one you like best.QUESTION #16: DO YOU ALLOW FOR SOLO 401K’S AND SELF-DIRECTED IRA’S?

We decided to just give her the initials of all 6 followed by the surname that was apparently common to all.She then complained that there were letters missing from her surname on the mailbox so I asked our maintenance guy of 22 years why & he simply replied he ran out of the letter 'c' as she has 4 in her surname & the initials took up several more.Then she reported us to the USPS because she wanted a 'regulation' mailbox so we complied but then she didn't like the color!!!.

I want to make it as simple as possible for my tenants to pay.Software is a common question on BiggerPockets.

50% down is considerable but common.

Common hidden costs include not accounting for increases in property taxes and insurance over time, underestimating repair and turnover expenses, and the cost of property management.

On my rentals which are generally C+ to B class I have never regretted giving a 1 year lease since the most common reason to oust someone is nonpayment and that is just as easy in my state with a lease. 

@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.