I just looked at a utility bill with a total charge of $184.12 but $116.50 is from base fees!

Yes, you should screen all tenants over 18 and make sure to note the total number of occupants.

Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.

A simple source document review correlating the company's bank records of money in, investor principal owed out and total out for real estate currently owned would likely reveal a lot.

The way I did it is I built up total confidence through first education and second entrepreneurship.  

This tax can significantly increase the upfront cost of acquiring property, so it's important to factor it into the total cost of investment.2.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

if they are a great PM 20% is totally fair. not too high and not too low

If you just want to do buy and hold, you can purchase a duplex in a B area for around 150-180k with rents at around $2400/mo total.

I stupidly allowed myself to get sucked into buying all his courses... one right after another... each time, thinking that "this next course" was going to be the one that fills in the gaps... only to experience yet another huge letdown... and feeling like a total putz (or like Charlie Brown to Joe McCall's "Lucy") for falling for his BS once again...