To calculate net operating income, deduct projected operating expenses from estimated rental income, including property taxes, insurance, maintenance, property management fees (if applicable), and any vacancy allowance.Second, think about working with Buddy to get better terms.

You will quickly learn whether you like it or not, how to market, screen applications, manage renters, coordinate and supervise maintenance, and so much more.

Repairs and maintenance will be significantly higher, because you are responsible for furnishings, appliances, HVAC, linens, pots, pans, etc.

It has other features as well like maintenance request, automatic reminders, etc.

I am currently going through the numbers and trying to figure out how much it would rent for, what kind of maintenance reserve they should keep, etc.. 

Do they require enormous amounts of time and maintenance? 

Every rental I own was renting for below-market, had deferred maintenance, and other issues.

I actually am only looking at resales that are currently managed by MSHB b/c I have not found another PM company that comes close to meeting MSHB.I've had one tenant for 12 years, I feel like at MSHB they different areas (maintenance, current leasing, tenant retentation, etc) really talk.I'm currently dealing with a nightmare with another PM company.

However, challenges include tenant management, privacy, maintenance, vacancies, and financing.

Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..