Once you develop a client base you can market directly to your targets, showcase the experience you are offering and even monetize add on services. 

Let me add on to my last post, what I meant was that is the end goal.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

This is my starting point of negotiation.Your calculation is fine right up to the point where you add on the down payment.

I would add one trick that you might want to consider.

@Craig Ruhland  I use a PM who has their own lease, but from what I’ve heard the NC lease is a good starting point that you can add on to as you go and gain experience.  

Vacancy 20% or lowerTest add on Craigslist or bandit signs to figure out demand Median household income > 40k21st mortgage could finance new mobile homes.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

As for Dublin, Ireland (considering apartment to buy and hold) on the basic expenses I have listed: maintenance service (quite approximate this seems to be 1 or 1.5 times a month's rent), garbage and cleaning etc included, usually water/electricity/internet are paid by the tenant here, so, nothing, register a tenancy (legally required): 90 eur, add on daft.ie (biggest real estate search engine) 45 eur on the cheapest option, life insurance for the mortgage (if you need a mortgage) approx 25 eur monthly, home insurance approx 400 eur year, when buying a house you need to pay (besides legal fees (1% approx) and valuation report (150 eur approx) the stamp duty (at the moment is exactly 1% of the value of the house).

Another add-on to Ryan's analysis is that even if/when EV's get an 8% market share of sales for a given year, that will still be well less than 8% of the vehicles on the road, given the average age of vehicles on the road (11.4 years as of 2015).