Your insurance will cover routine maintenance items?

To the numbers.....Management fee, I would suggest reserving 10-12%Routine maintenance 5-7%Capex(it's an older home) 10-12%Insurance appears to be on point however water on a duplex runs about $145.00 per month. 

In the most simple form, a mastermind group is a collection of like minded individuals who routinely gather and connect to push one another to higher achievement.

Make real estate investing part of your daily routine. 

I recently did an inspection on a commercial property we are buying and I asked the inspector to skip 80% of his normal routine and focus on electrical, plumbing, and the roof because I'm pretty familiar with the building and comfortable checking most things myself.

Do they offer routine maintenance programs?

I also have a list of routine tasks to be done throughout the year (clean gutters, start basement heat, replace furnace filter, etc.). 

I think if one can remove the prospect of his own occasional use of the property for his own leisure, then longer term rental is probably less stressful because you don't have to deal with the routine cleaning. 

If your tenant cannot handle routinely sending you checks in the mail that don't bounce, you can and should do better.

We have a set of cleaners who understand the timing and routine.