However, if the lock issue was caused by misuse or accidental damage on the tenant’s part, then the tenant might be responsible for the expense.It’s always best to review the lease agreement first to see if there’s specific language about repairs or locksmith services.

And btw, if rates fall even more over the next year, maybe you refi down from 6.5 to say 5.5 which would make you another 4k a year in profit.What I like to do is look at the investment 10 years from now.1)  20k  Rental profit should go up from 5k to about 20k to 25k a year in year 10/11 if you figure historical rent increases out there and the fact that your mortgage stays the same - even with services like cleaning and property management going up some too. 

One thing I learned from a long career in public service is that it is better to underpromise and overdeliver than the other way around. 

The real estate company offers syndications and syndication education services.

@Seth Mattox it can be done from a distance, but I think the quality of service will be sub-par and it will take a lot of extra effort.

Here are some companies to look into.Advantage Heating and CoolingBCS Air SolutionsBarkers CoolingMalek Service Company

I understand the basics of legal entities and that his company, Corporate Direct, provides these business formation services and has their own CPA recommendations.

They now self perform all of their construction (along with offering 3rd party construction management services).

I'm a long time professional property manager and I'm not afraid to deal with delinquency or other legal matters myself, so I only pay for the services I want, like screenings and the tenant payment portal. 

You can use services like LegalZoom, ZenBusiness, or Rocket Lawyer if you want a company to handle the setup for you.