we pass on at cost, keeps it easy to respond to guests when they say our cleaning is high. have even proved it to guests before- some people just like to see it and most i have done that with have become long time rebookers.Make money on your house and pass along fees at cost to me thats the best way to go and has been fruitful for us 

It is much easier to talk about being conservative when the sponsor implies that they are CHOOSING to keep millions in reserves or buy a low interest rate cap.  

You qualify as a Real Estate Professional (REP).Keep in mind that the big play is accelerated depreciation to lower your tax burden which in turn increases your cash flow for that year.

Now, the headline of % of rents, vs the huge number of ticky tack fees doesn't really matter in the end if the PM is good and runs a tight ship, keeping my property well maintained and occupied.

Gotta keep that money local, ya kno? 

keeping it short term partners is best so you don't get stuck with someone you don't like.

I'd start by talking to your neighbour and asking them to split the cost 50:50 saying that the longevity is reduced because their dog keeps jumping up on it. 

I see what you're saying and I will keep that in mind moving forward.  

I place only used and would never pay for a new stove or refrigerator.I simply keep my eyes out for good working stoves and fridges and usually have a couple spares on hand and if something goes down that is not an easy fix I just grab the trailer and dolly and exchange it.And in my area you can find working white stoves and single fridges for $100.00 each if you pick it up yourself.

Finding the right property, checking its worth, making connections, choosing good renters, looking after the place, and keeping money aside for surprises are key steps.