I am using rough numbers on the depth but around an average of 3 feet.

In addition the cost is roughly the same whether you are using your cleaner or a professional management company. 

Yes, so the amount I would be comfortable putting into a syndication right now would be roughly 10% of all my investments.

Because I would rather earn less and be more hands off I don’t think it’s about section 8 per ‘se I have a section 8 tenant & she’s been great, it’s about the areas you buy in, if you buy an 100k rowhome in Baltimore it’s gonna be rough regardless of if the tenant is market rate or section 8.   

In terms of Costs associated with an LLC-Roughly like $100 to file with the secretary of state in Ohio if you wanted to do it yourself-Cost for your accountant to prep a tax return at the end of the year for that LLC (depends on your accountant)-Cost of a higher interest rate with a DSCR loan -Maybe more advanced, but if you have more rentals the cost of additional bookkeeping software like having to pay for additional quick books accounts.

If the property was in really rough shape when you handed it to them, I could see why they might want to have some income to manage all that work. 

South of Edgley and north of Cecil BThats where the students typically are looking as outside of that radius is rough. 

It may be rough getting to those 10 years. 

We still own this property, but we have: 1) leased to market rent, 2) successfully implemented RUBS to save roughly $3,000/year, 3) Reduced vacancy/bad debt from pre-acquisition T-12 of 15% to less than 4%.

It’s a solid market with a median home price around $250K and a rent-to-price ratio of roughly 0.8% (potentially higher in some areas or with older properties).