The same thing you claim on your tax return for your properties.

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.

Type Line Item Fee Fixed Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $600 Variable Fees Business Hour Service Calls $90/hour + Materials Cost + Tax After Hour Service Calls $120/hour + Materials Cost + Tax 3rd Party Coordination HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Negotiated Vendor Cost + 10% Oversight Fee  

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

There are BLOC's Business Lines of Credit which will allow collateralization of residential income properties.

If you are looking at this property from a residential and rental perspective, then it may work as long as you are willing to put your own income into the property. 

@Brett RiemensniderYou don't need to provide anything to your tenants tax-wise.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

If your not ready to spend money on a software you can use tax records.

If you want private investors, start by asking friends, family, or colleagues in your network who may wish to a passive income opportunity.