If some landlords are requiring them to pay application fees before they even know they want a rental versus ones that don't which do you think they will choose.

You assign the lease option agreement to a tenant-buyer and receive an assignment fee without needing to close on the property yourself.

Either you learn to be good at it, or partner(your business partner, not someone who works on commission/salary/fees) with someone who is good at it. 

I believe it is completely reasonable to have a clause in your lease that places a cap on utilities with any overage (proven by a bill) being the responsibility of the resident.Our clause states that any electrical bill (we don't have gas, and water has never been a problem) that is over double the same month's bill from last year will have the overage assigned as a fee.It is important to keep your bookkeeping straight if you do assess a fee.

Some townships will require certain items, like an escape window if below grade or a walkout to be installed.

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

Keeping up a property incurs a lot more maintenance fees, etc. 

While fees are pretty similar between custodians, read the fee schedules carefully as there are sometimes others fees charged that aren't readily discernible.Good luck and happy holidays!

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

While it’s an affordable entry point with low maintenance, you need to watch out for high HOA fees, rental restrictions, and resale challenges.