I have invested in or funded (equity & debt) thousands of units in dozens of states with or on behalf of a variety of domestic and non-U.S. private equity funds, family offices, and institutional investors, and also co-founded / operated several businesses.

.), $2.1K of travel (flights & rental cars), $2.3K in software subscriptions (PMS, etc.) and $300 in mealsManagement Fees ($1.7K) - PM fees, booking platform fees, etc.Cleaning Fees ($6.2K) - pass-through charge for guestRepairs & Maintenance ($10.5K) - General R&M ($1.5K), Painting ($1.2K), Plumbing ($1.5K), Pest Control ($500), R&M Supplies ($500), Labor ($3.5K), Linens, Soaps, Consumables ($1.5K)Legal & Professional ($1.5K) - LLC setup & lawyer fees ($350), inspections ($1.1K)Utilities ($6.4K) - Gas (avg. $63/mo.), Electric (avg. $121/mo.), Internet (avg. $60/mo.), Water & Sewer (avg. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.

I have seen situations where a leak that appeared to be HVAC was a plumbing issue and vice versa.

Rick, I think online permits are limited to the items below that I pulled off the website: Request Electrical & Plumbing permit for new or replacement electrical & plumbing for single family/duplex homes

I did everything myself from cabinetry, drywall, flooring, windows, plumbing electrical, etc...

Maybe the foundation is slipping, the roof is needing full replacement, the plumbing backs up every time you are draining the tub and try to flush the toilet...  

However, if you're talking about flooring, tile, cabinetry, electrical, plumbing, etc... that will add up quickly. 2) Did you confirm the market rents in several ways/methods?

I can do all the basic things like lawn maintenance, snow removal, painting etc, and some electrical and plumbing.

Be attentive to damp ceilings or walls, which could indicate plumbing failures.Structural issues are critical to monitor.

Be aware of the costs as you'd need plumbing (water and sewer), electric and possibly a separate meter to the new unit.