Regarding rents, indeed if market rents go up the management keeps all the upside (that's the downside of this passive/low risk model).In terms of rental income tax, I can shelter with insurance costs and property taxes. 

I'm making an effort to refinance with a home style loan and finish the project.Originally posted by @Jason Hirko:@Marshall Hooper Wouldn't this kill your credit to open up and run up $100k in credit card debt?

I have two property management referrals for you, depending on what style of management you're looking for:Real Property Management North Puget Sound - Larger company that is part of a franchise.

The ones that think they do are usually following the traditional BP model...and they'd be wrong.You have to "reverse engineer" it, starting from your Financial Goals, and working your way to where you are right now.  

It is very dependent on your investment goals, style, tolerance, risk factors, convenience and so much more.

Its a 3 bed/ 2.5 bath ranch style house with attached garage and detached garage in back both in wonderful shape.Fenced in yard with big above ground pool and porch around it.  

I see you've shared your model with a few folks--may I take a look at your calculations as well? 

Comps in the area go for 130k-150k for similar style houses (same neighborhood) and will most likely sell quickly due to the housing demand we will be having in Houston.

The closest I can get to that over here in America is finding investors to do a CP loan on land where I will provide a list of suggested areas for sale, as well as the condominiums total 3D model with construction costs and all dimensions/specs provided.

There aren't a lot of duplex here that are like that , it's strange I don't really know the reason why But they cash flow great I have 2 but there both apartments style vs traditional.