@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

While dealing with all sorts of people, and dealing with lease violators, are all part of owning/managing properties, YOU set the tone for how you will be treated and how your tenants are expected to behave. 

Here in Horry County, you can expect to pay around $3350/year for a property valued at $250,000. 

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Below is some copy & paste info about our methodology:----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Luckily, we knew this and expected this task to take a shorter amount of time because we've done it many times before.

I almost always invest extra time verifying these critical areas, which is key to maintaining the high standards our clients expect.

Quote from @Sebastian Bennett: @Russell Brazil Why do you expect expenses to go up? 

You can expect annualized return of 6% or better in the stock market.

Do you expect it to appreciate?