Study and learn, it is a huge topic that takes a long time and in-depth research to get a handle on.

It wasn't as in depth on Tenant/Landlord law as I would have liked since it covered a lot of topics, but I found it very useful as a new resident in the Chicago area.

You have the basic formula correct above but it's a little more in depth than that. 

I was thinking of the possibility of landlording for a bit, so I can gain some experience and understand in depth what I need a management company to do. thanks for the other great info! 

Both lists which are available through your existing relationships, some in-depth online searches or possibly paid services.  

The husband of one of the people I work with at my day job, is a cop and she was talking in depth about it.I hope that helps.

I recommend staying away from Podio, it is very in depth and you would spend a lot time just trying to set up.

I have yet to do an in depth investigation into the costs but off the top of my head I'm thinking if the cost of the property and having the modular home put on the property cost around $100000 that it could potentially sell for $150000.

I have actually attended both landlord training seminars, I did think that the City one was valuable (they give you an entire set of Wisconsin Legal Blank landlord papers) but it did not go nearly as in depth as Tristan Petit's course.

Louis, if you'd like to talk more in-depth about any of this I'd be happy to help, so don't hesitate to reach out.Cheers!