You'll find that rental property investing isn't scary at all and a great property manager can actually save you more money than they will cost!

How much is this costing?

And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.

The PM rate in every area is different, in my experience, some are low percentage and low quality and then there are some that have high percentage and low quality.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I joined Pace Morby's Subto and Gator communities and worked on a Subto low equity acquisitions team, where I learned as much as I could and closed on my first few deals. 

My mentor told me I was still charging too low for the value I was providing. 

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

Evaluate Property ConditionOlder Chicago buildings often have charm—but may come with hidden costs.

The vacancy was low and rents were fair based on comps.