Enter recurring charges and automatic late fees.

You also have the recurring costs of keeping the LLC open.Insurance is pretty cheap and makes for an easier life.Get insurance... do the right things by your properties and tenants to minimize any reason to sue you... and you're good to go.

Wikipedia✅ Low operating costs: Property taxes and insurance are investors' most significant recurring costs.

When using the schedule E of the tax returns the LO should add back the deprecation, taxes, interest, insurance, HOA dues (if applicable) and non-recurring expenses if this can be documented (some of your repairs might fall into this category). 

When projecting your monthly costs, it’s important to account for all costs, not just the recurring ones such as you mentioned, rent and utilities.

Enter recurring charges and automatic late fees.

They list county/city transfer taxes , private transfer fees, and recurring/non recurring fees to be paid by seller but the escrow fees to be split 50/50.

I want to snowball that into very large recurring cash flow for myself through hands off commercial investments.Also looking at possibly doing a fund for retail for investors to buy into who do not want anything more than a monetary and return involvement.My goals are really big but even if I get halfway there I will consider it a win.

Follow me on this:If CF is only useful as a viable substitute for W2 income if it is stable, recurring, and predictable, then we must identify asset classes which lend themselves to stable, predictable CF. 

Some investors love mom & pop property managers because they are generally cheaper than a larger property management company in terms of recurring management fees and you can put a face to the name.