My understanding with this is they are generally responsible for rent collection, tenant management, repairs & maintenance (small landscaping, supervision of subcontractors - which I approve and the bill is then send to me), maintaining records and such.Being my first month with my first property I was a bit surprised to see the 8% fee in addition to-Meet electrician for repairs and updates to fire alarm. 1.5 hours- $50Trip and installation charge for unit 1 window (without cost of materials)- $35Repair broken handrails (without cost of materials)- $30Cut and trim, clean loose debris- $35Unit 4 late rent collection (time contacting, travel to meet)- $25This adds $175 to the 8% ... my question is- what then is the 8% for?

So I'm going tokeep my money and buy some other learning material.

. $2 sq/ft including material and labor. 

Rehab budget around $20K - $25K and 4-5 week timeline.While I have my own thoughts on the rehab, I thought it would be interesting to crowdsource input from this forum on particular items, such as:Pergola in backyard:1) Keep it2) Remove it3) Replace canopy (if so, which material)?

Also I plan on turning this into a full rental once I can refi out of the FHA so I wonder if you guys have any tips on the rehab as far as cost savings and material recommendations?  

Did the quote from your contractor include materials?

Is there a "nuclear" option like those Ozone machines, or some nerve gas level material I can bomb the place with!!

So far not including my time, in material alone I've got just under $3,000. 

I was driving for dollars in my backyard and stumbled upon this house that was obviously vacant.The curious thing, is there were multiple code violations and other material taped to the front door and windows.

OTOH if you are in a town that is being abandoned it could cash flow because you got it cheap, but may be bull doze material in a few years.