Here are fees from property managers you can expect (but do note that it will vary):- Property Management fee: 20-30% (depending on the market and I think I've seen higher than that)- Repair Management Fees: Fees are tacked on top of actual cost- Setup Fees (getting the unit ready)- Design Fees (hiring a designer)- On-boarding Fees- Linen Fees- Cleaning Management Fees- Any other fees (i.e. resort fees)Expenses to expect (may vary):*Some may be covered by the property manager*- Supplies & Linens, Propane tank replacements, Water filters, - Utilities (water/sewer, garbage, electricity, WiFi)- Permit fees, TOT (local and/or state), business license fees, HOA fees, and any other local fees- Maintenance (air filters, touch up painting, plumbing issues, and etc)- New Amenities/furniture to improve listing as time passes - Upholstery cleaning- Pool & Hot tub cleaning - Gardener - Security Camera subscription- Noise / Smoke / etc monitoring - OTA service fees- etcI hope this helps!

Below are the biggest factors to consider when thinking about a basement conversion house hackThe Advantage of Basement ConversionsBasement conversions stand out as a particularly appealing option for several reasons:High Availability: A large portion of single-family homes in Colorado Springs come with basements, making this strategy widely applicable.Cost-Effectiveness: Basements often provide a blank slate at a lower cost compared to other types of renovations or property conversions.Simplicity for Beginners: For those new to real estate investment or house hacking, converting a basement can be a more straightforward and manageable project.Potential DrawbacksLike any investment strategy, there are cons to consider:Privacy Concerns: Living in a basement means less privacy and the possibility of noise from upstairs tenants or vice versa.But remember this is a strategic move to improve your financial situation.

For us, they are basically noise and busy work.  

The tenants in response sent me a case law and penal code which states they can play music up unitl 11PM per some noise act. 

So, back to the grind.

Any buyer for this cabin would still make money, despite the noise.

You will have a neighbor pissed about parking or noise or something else, and they will ask that person what they’re doing there. 

They cannot access my unit because all of the holes and corners are sealed up and I keep the home clean but the noise drives me insane because they are scratching away in my bedroom closet and I am paranoid that they will scratch their way inside.

You haven't experienced an abandoned unit, disastrous turnover, tenant that stops paying but refuses to leave, on-going noise complaints, a tenant that refuses to mow the lawn, unauthorized renters or animals, complaints from neighbors that your tenant is dealing drugs or prostituting themselves on the property, a tenant's dog biting the neighbor kid, or 1,742 other situations involved with managing for others.If you're going to be serious, you need 50-100 rentals to make a decent living and you need to really know what you're doing.

Newer investors think the secret is to keep grinding because there is some secret that they haven't discovered yet.