After that, it’s $150 each year if paid by January 1, with a $100 reinspection.

My wife and I have two reliable vehicles but I decided when they were paid off to start saving right away for the next one by making car payments to myself. 

I agree that it is a lot of money up front, but if the norm for the area is first and last month's rent, remember that the tenants who are moving in won't have paid last month's rent to their current landlord (if they are from the same area). 

They have a stats page that can help you do some research about your market I also use DPGO for stats because it’s free but Price Labs and Airdna are also paid alternatives 

WF would offer teaser rates for the first year, but once you paid them off you could get another teaser rate.

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

The rest were Reg D 506 (b) that allowed up to 35 sophisticated investors, but required a substantive pre-existing relationship with the sponsor. 

Here are my thoughts, which are worth what you paid for them.

My cleaning fee's don't have a direct correlation to the amount paid for cleaning. 

I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.