I've always been an animal lover, but all of my animals are meticulously cared for and trained properly.

Hang onto your hat for this.Joe kept meticulous records.

Remember the audit is there but the big x factor is the lawsuits.E and O quotes higher rates for property management.Even if the landlord and or the tenant or BOTH are at fault they almost always blame the real estate brokerage.Sometimes it is merited and many other times it is not.So to run a property management company you have to be very meticulous with everything.Many investors are out of state so they will want turn key management (one stop shop).Rates will depend on what type of asset and the size.When you go to IREM there is different training for different classes and sizes.For example the scope and management on a 20 unit apartment building will be very different from a 200 unit complex.Generally for apartments fees are 8 to 10% for 50 units and below and 50 units and above 5 to 7 percent of gross rents.Retail can be as low as 4% management fee.Houses you will be competing with low ball agents who are having a hard time selling real estate.The problem for landlords is once the managers start closing real estate sales they could care less about the rental.This is just like many agents doing bpo's now and when sales pick up they will dump doing the reports fro 50 bucks.If you want to be serious about management do it full time.In my area for houses the most reputable companies charge about 10% plus half of first months rent for houses.It's not about what you charge but what you provide for that fee.You will get landlords trying to squeeze the management fee because they overpaid for the property.That is not your problem when taking on rental property.I don't do property management but one of my broker friends manages over 400 homes with 10 property managers for his company.He likes the residual income it provides.He also land sales off of it as a side benefit.

EE taught me to be very meticulous and has made the finance coursework quite easy.

If you wanted to create a whole business model, then obviously it would take meticulous planning.

We can meticulously plan our lives and make all the right decision, but life throw curve balls all the time (Again, illness, layoffs etc) and you cannot protect yourself from everything.With regard to own vs. rent, I still believe that for the average person owning is more economical than renting (Aside from appreciation, tax benefits etc).

He has a crew and property management co who screens the renters meticulously.

There's lot's of properties like this which is why I don't like anything that old unless it's been owner occupied and meticulously maintained.

Here are a few paths i was considering. 1- Refinance, pull out some cash, purchase condo, turn current residents into my first rental that is doing better than the desired 1% rule.2- Sell property, purchase condo for living, put 25% down on 4plex for first rental property.I am sure there are a thousand different ways i could approach my situation, and i am sure there are meticulous details that could help see more options.  

I am very ambitious and meticulous with my goals.