Hi, LoganCould you refer me to the commercial bank giving the loan?

@Eli Jerman I post regularly about asset protection and entity formation.

That is referred to in the tax world as net income.

A solid agent will understand that there is a financial gain, but this is a relationship, so if it isn't the right deal, they can be honest with you and you are more likely to use them again and refer.

@B RyansRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I'm wondering if I'm missing anything: Mortgage (20% down, so no PMI) HOA Electricity Gas (None, as the new construction house has an electric stove—everything is electric) Water Bill Camera Security System Internet Lawn Care Regular MaintenanceQuestions: Will I need to pay for trash? 

The OP is referring to transactional lenders charging 2 to 12% of the loan amount, not 12% interest on an annual basis.

For reference I would have only been able to rent the space for about $900/month.

Even if you rent to someone who doesn’t have full custody of their children, you need to delead if the children will be staying there regularly, such as on weekends.

For reference sake, the approximate value of the existing portfolio is $2B, and the annual net rental payments after expenses returned to investors are approximately $108M in 2024.