Enter recurring charges and automatic late fees.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Taxes 10k HOA is 9k The current owner never did short-term rentals.

Because it still happens here in MA, that is why my first post stated it just in case someone in Mass didn't know it.I have seen crazy things where real estate agents who own rental properties with leases stating a late fee within days of the 1st....when in Mass., its illegal until after 30 days.

At least now your tax basis is $220k ;-)  What was the extent of the repairs?

My net number is rental income minus expenses(3 mortgages, paying power bill at all three houses, property tax, insurance, internet in two properties).

Avoid basing it on uncontrollable factors like taxes or insurance.

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!