Did you finance this deal with a local bank or credit union?

It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

Not a full fledged house hack, but enough to take the sting out of the rate we got.Not all of Citrus Heights is the same, but the area near Fair Oaks/Orangevale/Carmichael has a good balance of price and quality.

I do have a few fair contractors. 

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

We would all love to have that note that has 5 years of perfect payments, 800+ credit score and a 20-25% down payment. 

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

In college areas there are a fair number of rooms for rent and they hook up with peers for house rentals.

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

I mean, you don't need to clean the property or pay local taxes since there is no use so I think this is pretty fair.