I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.

I manage a small rental portfolio that I am slowly adding to, and also have a few flips going at all times. 

I'm surprised you can find a manager for 15%.

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties. 

Depends on the AHJ if that's possible but we've done that quite a few times on commercial projects. 

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

Investment Info:Large multi-family (5+ units) commercial investment investment.

He's got the #1 investor podcast in your area, his property management company is first rate, and he's a great guy.

We operate a real estate, mortgage, and property management firm dedicated exclusively to Short Term Rental Investments.