These platforms typically have billing policies where you pay a per unit fee per month to the software and you get regular updates and support each month.There are a number of low-cost platforms available that are able to offer you a lower price by passing along some of the costs to your tenants (payment processing fees, applications, tenant screening, etc).

By the time you factor in insurance and any cap ex....it's already a loser...even if you aren't carrying a mortgage.  

If you're running a large portfolio then you would have policies and procedures.

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

If you have insurance, generally, there is mold remediation coverage. 

Great Lakes Credit Union HSBC 70%, for premier clients only Huntington 75% LTV Hurst Lending and Insurance Investment property HELOC in Texas.

That's easy compared to trying to fight and erroneous $13k water bill (a real issue we had) or an insurance policy tripling (that too).

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.  

It's critical to to get references and work with BB&B-accredited and fully insured companies when this amount of money is involved.

I guess it can save you some time managing, for example one tax bill, one insurance bill.