We just closed on a duplex in Vero that was only $197K 15% down at 7.375% $1535.54 a month Both doors bring in $2850 a month so for $197K you can have a cash flow of over $1300 a month No HOA fee and renters mow the lawn.

Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't. 

This ensures they are keeping an eye on everything, they get to see what it's like to be a landlord, they have to take responsibility for the lawn and other maintenance, they will learn to deal with people issues, and more.

Have completely self-managed for the month I've been in Charleston so far, including lawn care, final maintenance issues, showings, and screenings.

>True that RE also averaged higher than 3-4% in the last decade from our artificially created boom and corrupt politicians and government, but thats where the market shines, VOO or whatever index, is the same for everyone.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have seen leases for tenants in multi family homes that do not adequately describe the leased space and do not mention the areas such as stairways, decks, patios, lawn etc.

Utilities, lawn mowing, locksmith, etc. 

My septic guy knew my lawn care guy, my lawn care guy connected me with a maintenance guy, my neighbor connected me with a plumber etc. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.