Heck, I got into real estate investing after a late-night commercial by Dave Del Dotto.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof). 

It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.

We have the minimum temperature clause in the lease with our students but I guess it is late for that.

People doing crazy stuff lately.

-Find a lot and all else that comes with a new build and start building late Q2, early Q3. 

Sorry for the late response, I am not very active on BP.All you need is an CPA/Attorney to manage your LLC, I went through this route of registering a wyoming LLC and paying high price until I found a local attorney who does all the that with the same protection by naming the organizer and registered agent with the attorney details in your articles of organization, at the same time you will need more specific details in your operating agreement pertaining to your local state laws or you can as well use wyoming agent. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I know I am late to the party, but I just signed up for DealMachine to do some D4D.

That said, I wanted to share my story about how I found an out-of-state property, got it rented, and set it on autopilot.BackgroundI’m in my late 20s, living in a very high cost of living city and working in tech.