Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Conversely, a new built A class SFR, in A class market of significant growth via a well laid out planned city development, great schools, area people are glamouring to move to, a-class tenants, very very low risk.

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.

I like new construction since there isn't any deferred maintenance and the properties should be relatively maintenance free for the first couple years (although it's good to include maintenance/repairs in your pro forma and maintain reserves just in case). 

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.  

Communication with tenants, rent reminders, maintenance requests, etc have all been seamless. 

You also need the operating cash to do rehab.I say this because you mention FHA and low money.