The management fee, property tax and insurance cost are all from the turnkey company (Morris investment if it matters). 

So, the idea of owning real estate as an investment has lingered in the recesses of my mind.Then about a month ago, I serendipitously discovered Clayton Morris and his Investing in Real Estate podcast.

I am trying to accelerate my mortgage payoff. after researching i stumbled on few resources like RYM, Clayton Morris's book and so on.

@Jake Morris commercial properties are valued based off of the income they produce.

Currently Clayton County (just 5 minutes from the Atlanta airport) has the 2nd highest cap rate in the nation.

I have roughly 50K right now to invest and I am looking into 2 different turnkey providers, Morris Invest and PARC. 

Welcome another lonnie Dealer awesome.Spent 5 year with Clayton homes and spent some time teaching folks the power of cashflow on used mobile homes owner financed notes...typical deal buy for 10K fix for 2K sell for 25-30K with 5K down and carry the balance on a 10 year note at 12%.I describe Mobile home notes like junk bonds you can repair.Awesome and welcome aboard I am very new to this site and hope to learn from you and others.I went to college in Denton

@Clayton Mobley- I absolutely agree- I appreciate all of the feedback- Right now we have alot going on but are really interested in the concept of buy and hold.

Originally posted by @Clayton Sneider:Larry Tanner: Some states require a landlord to give the tenant a grace period before a late fee is charged.

Originally posted by @Clayton Sneider:I agree with Greg S., I charge extra pet rent, plus take a few hundred in extra deposit.