https://www.toledoblade.com/local/city/2022/11/25/amendments-lead-law-put-violators-housing-court/stories/20221125112City officials now want the Toledo Municipal Housing Court to hear alleged violations of Toledo’s lead-safety ordinance.The administration believes the change from an administrative hearing process will allow the law to withstand ongoing legal challenges that have prevented it from being enforced.Toledo has faced recurring legal challenges since 2016 while working to craft a law that requires owners of residential rentals with four or fewer dwellings and built before 1978 to inspect their properties for lead paint and obtain lead-safe certificates from the Toledo-Lucas County Health Department.The law also stipulates that inspections must be completed by a local lead inspector who visually inspects properties’ interiors and exteriors and collects dust wipes to test for compliance with U.S.

I'm really not a fan of the automatic "Recurring Membership" business model. 

The recurring expenses monthly are about 3k.

"Being the bank" is always a great way to have recurring cash flow without tenants trash and toilets, and I found that it provides great control over the direction and liquidation of a property when needed!

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). 

Enter recurring charges and automatic late fees.

I recommend some more formal business oriented options below:cozy.co - website with no fee rent collection service- no fees for either party. newer entrant but seems trustworthy and user friendly. haven't used this yet.https://www.biggerpockets.com/forums/92/topics/198046-cozyco-reviewshttps://ipn.intuit.com/ - Intuit payment network- 50 cent fee per transaction and can be recurring payment. reputable company and relatively easy to setup.

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.

It's not an additional deposit to use those items, but rather it is an additional recurring cost.The key here is that landlord isn't charging the pet rent upfront with the anticipation of giving it back should the unit not be damaged at the end of tenancy.

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.