A VA from overseas could contribute more from an administrative side then they do.It is so easy for anyone to get a Real License that we now have all these "Agents' who are fed leads by a broker and essentially just communicate basic information back and forth.

Or if you have one operating checking account for all your properties, then have one security deposit checking account.I haven't researched your state (PA) in depth, @Richard Fields, but if it is the case that the tenant is entitled to any interest earned on their money, and no interest is earned because it was held in a checking account, then that would eliminate a headache of figuring out whose pennies belong to whom when it comes time to return the security deposit.It's probably the case that you'd thereby also be forfeiting the 1% administrative fee mentioned too, but again in my mind it wouldn't be worth the hassle - life is complicated enough without generating tasks for the sake of literally a few bucks.So in your shoes I'd probably put all the security deposits for that property in a secondary checking account and just use Excel or whatever bookkeeping method you normally use, to keep track of them.But I'm not an attorney and am not giving you legal advice.

I was also considering Las Vegas for a few different reasons:- The low administrative burden (Nevada has no state income tax, low property taxes, and landlord-friendly laws).- I see the potential for both cash flow and appreciation.

But in this case is someone I've known for a while with a good track record, so didn't pursue that setup due to the added administrative burden and extra costs.  

You're title would be administrator I believe.When acting as administrator of an estate you have a fiduciary responsibility to the estate and its heirs.

I believe that if we add a half- or full-bath but don't finish the basement, we're probably looking at about $1250-1300 in rent from Section 8 (let's say $1275 for this analysis).My gut tells me that do a full remodel, finishing the basement and adding a bathroom won't add enough in rental rates to justify a retail renter, so I'm ignoring that analysis.Before we jump into the analysis, here are the assumptions I'm using:FINANCINGMy financing assumption is using a portfolio lender with the typical terms I've seen:- 15 Year Amortization, 5 Year Balloon- About 6% Interest- 65% LTV (Based on Purchase + Rehab)It's possible I won't get financing or the terms will be different, but I believe this is the most likely scenario, so that's what I'm using for my modeling.EXPENSESHere are the expenses as I predict them to be:The property taxes are verified, the insurance is verified, the maintenance/repairs is estimated, the utilities are estimated, I don't expect any advertising or administrative costs, the PM fee I'm assuming will be 10% of the gross rents, the HOA is verified ($150/month) and the CapEx is estimated.

Some of those companies are custodians, some are TPAs (third party administrators), and some are facilitators.

Without a will a different more lengthy legal proceeding is undertaken to appointed what us often called an Administrator.

We've been putting up with this for 8 years now -- first with Bush and his cronies stealing billions under the guise of Iraq and now the current administration doing it with climate change...Ron Paul in 2012 anyone?

I'm still going to maintain that for the past 10 years (and not just because of the previous administration) this country is fast turning into a police state...