Is that common?

Or in this area are short term rentals more common?

I'd get actual numbers where possible like on taxes, insurance, utilities, yard & snow removal, etc then add 18% if hiring a PM to 'take care of everything.'

@Chace Fraser I have definitely considered pursuing that path, or at least utilizing my career path to network with probate attorneys or attorneys who do real estate closings.

A Series LLC is a type of limited liability company that is utilized to protect and separate assets.

There is the base rent, which may include the utilities, plus the pile of expenses that may help the tenant have success in their business - like new carpet that the LL might pay for in the beginning and the tenant agrees to pay back over the life of lease, by a wee bit more rent every month.Sorry, your link is behind a pay wall, I cannot read the data.

For example, the arm of our business today offering the full services of a management company to just under 500 doors, utilizes online management software, owner/tenant portals, online tenant screening, advertising and applications, online PDF fillable leases, electronic signatures, walk through inspection apps, online maintenance coordination, lots of texting, etc.

Title problems are not hugely common, but they do happen.

Do you have to also pay 'mortgage' payments to someone else, insurance, the utilities OOP?

We are located in Austin TX which is pretty close to San Marcos TX (both college towns) so it's common to have someone sign a lease guarantee form which makes them liable to pay the rent if the tenant can't for any reason.