Correct2. 100 hours could work if it's more than anyone else spent on the property including non-owners3.

Weigh out all of the pros and cons (including costs) and make the decision that's best for you.These are merely my opinions and may not be the best advice for you.

I'm not sure why "within the unit" is not being interpreted to include the balcony.

Tell the possible contenders you are interested in how they format their statements and what information they include.

Invested 3 years ago like others about $40,000 total which  included covering operational cost  for the first or so.  

Buying a second home to rent out is a solid strategy, but be sure you understand the cash flow, including mortgage, taxes, and potential vacancies.

:You cant spell LY’N TACO without ClaytonPoints for clever!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?

I charge 20% straight to co host which includes vendor/guest /cleaner communication and managing the property.