My investment strategy focuses on long-term, low-maintenance SFRs in high-demand areas, aiming for cash flow rates above 7%.The market dynamics can vary significantly from state to state, and even from block to block within a city. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The tenants love her, she stays on top of maintenance, has implemented upgrades to improve the property and drive rent increases (much to my dismay, LOL), organizes fun themed events with catered food for tenants, manages evictions and oversees the building's Section 8 program.

Hey Konstance welcome to BiggerPockets I'm fairly new as well if you ever are in need of some property maintenance services such as house washing, or driveway cleaning for your future investments I would love to connect with you. 

Otherwise they will continue to pay yearly taxes and maintenance costs, and not be able to foreclose the property as it will sit here leaking and falling apart and the mold continuing to spread.

I invest in San Diego county and unfortunately believe your property as described above is negative cash flow after including cap expense, vacancy, and maintenance.  

Danny,Excellent point that Rubber, torch down has been around for quite awhile and with proper maintenance, like most things, it will last.

It isn't that hard to clean, but it does take more maintenance.

It also encourages me to keep the maintenance up because I get a bonus for a quick placement and I don't risk getting fired by the PM for maintaining my property poorly. 

You would be responsible for all other maintenance and upkeep of your home, including managing the cleaning crew.