4-5K seems excessive. 

Darrell Essex,This is a topic that has been talked about excessively here and depends upon your personal situation.It typically is a bit best to get a couple deals handled to build up a bankroll unless you already have some funds.At some point if profits are enough you will want to consider an S-corp or a C-Corp to shelter profits from too much tax.By the way if you're ever in Lake County or in the Northbrook area let me know.Sincerely,Steven the Tax GuyYour guide to IRS laws, rules and regulations.

If each of those individual payments going out could be invested to yield in excess of the delta Jon describes then you should take the latter loan.Other things to consider are the risk associated with having to make payments each month, the impact on your ability to borrow more money, the inflation rate, etc.

@Sri YalamA bubble implies that there is an excess of inventory or an unsupported increase in prices.Right now, there is a shortage of housing based on the demand for living in the tri-state area...It would take a lot of building to meet that demand, which means we aren't anywhere near a bubble.It would take a shock to the system to curtail demand.

Send them a letter requesting payment for the excess.  

I currently self manage my buildings, but I have used 2 different PM's in the past.Both I had zero luck with, the more rentals I would buy the more money I would lose to excessive costs or past due rents etc.  

The bests times to cold call are around 10am-12pm and 5pm-7pm. 12 times to call someone might be a bit excessive but it can't hurt to space out the points of contacts and continue to leave voicemails.

The $850-900 for a 700 sq ft one bedroom does seem on par with the market, but I agree that the asking price seemed excessively high relative to rental income. 

The land I'm interested in is currently being used as excess parking and an Office Trailer.   

9 times in 10 any excess damage or "filth "caused by tenants is as a direct result of negligence on the part of a property owner.