BIG emphasis on "might" there, as there really are a lot of variables.

-I am 21 years old and live in Wooster, Ohio with my parents-Currently, I own and manage a duplex which I bought about a year ago in a nearby town-Last May, I graduated from the University of Akron with a BS in Mechanical Engineering, I start my first real job in a week!  

I use Chris Goodson's office for your attorney, they work with tons of investors in this area and understand the mechanics of doing a wholesale deal legitimately. 

This being my only storage rental unit makes it not worth it to do the research on my own and rather just ask around.5 is an old mechanics pit, 4 is the entry door.Johnson City Vestal New York Binghamton Endicott Owego Conklin Endwell

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

Where some might like the idea of owning property in Florida or California because of the climate (and you may be vacationing there often), others might want to put a greater emphasis on cash flow, or potential growth and appreciation... or all of the above! 

If the mechanicals (plumbing, electrical, HVAC etc) are older than 15-20 years, you're going to have big ticket replacements. 

They have a $225 investor special inspection that looks over the major mechanicals (roof, foundation, electric, plumbing, etc) of the house to make sure its in good shape and avoids the cosmetic stuff to save money.

I was a mechanic for 22 years prior to investing in real estate.

.- Swap out shower valve - Install trim for shower and vanity faucet including p trap and full plumbing connections for function shower, toilet, and vanity faucet system- Reset toilet or install new toilet, caulk baseTile / Flooring - Provide new cement board with waterproofing - Install tile (provide exact spec, and designate wall and floor tile specs)- Install 12" x 12" niche in shower on adjacent wall to shower head, center on wall- Install new floor tile, (provide grout color spec for shower and floor)Mechanical - Swap out grille on existing exhaust fan Electrical- Provide GFCI outlet next to vanity - Install new vanity light fixture - Provide can light fixture over shower area- Install trim for switches, covers, etc.