I pay 7%, full months rent for finding a new tenant, flat fee ($100) for processing a renewal, and half-months rent if the PM manages (eg; gets multiple bids, contracts out the work, etc.) any turn-over repairs, or I can do that on my own.I've got 10 properties with them and average 2 vacancies per year, so my effective rate to them is 7% of rent-roll + 2 months rent + $800 + 1 add'l month rent (2 x 1/2) for managing turnover repairs. 

When your total net worth is $200K and half of your monthly cash flow goes to attorneys and accounts and corporate filing fees and you're setting up LLCs to manage your LLCs and there is a fundamental problem and all of this talk is almost to the point of fear mongering.

Rejected.Tomorrow I'll be making three more offers.So far, since putting the signs out a week and one day ago, I've averaged four calls a day, half of those leading to an offer.No deal yet, but I've grown completely comfortable with screening leads and making offers.

I will have $30k to use, but I would like to use about half for renovations (if needed) and the other half as a down payment on the property.

Occupancy is currently 86% and the current owners literally have no marketing, not the brightest strategy but nonetheless they have gone from 53% from a year and a half ago to 86% with this strategy... its pretty much just word of mouth although it does have very good proximity to the highway system.The management company we will hire is charging 4% to oversee everything; this includes bookkeeping, etc.  

They did work to the house without my consent, and blamed it on email not getting to me so they assumed it was OK (needless to say words were exchanged, they paid half).I am more on the Laissez-faire style of management when it comes to my management skills being at work or in business.

My experience with contractors start with in writing and pay only 1/3 up front, 1/3 better than half of the work done, last payment when they finish with no returns necessary after inspection to fix something they missed or messed up.

If it's not too much you could explain to him you never heard anything about nor received the last month's rent, but offer to pay him half of it back (or even the full amount if you want).I've offered this to tenants in similar situations and they usually will agree and are happy to get something back. 

At this point I feel I have the knowledge and capital required to start my investment career but after 6 months of looking at property I have yet to make a purchase.My better half thinks I have analysis paralysis but I think I just haven’t found a great deal yet.

it was built in 1926 and it value right now is 76000, and the utilities would be payed by the tenant, but it needs a lot of work, I would do all the work my self and just buy materials, and my guesse is that once it's been remodel the value would go up to at least 100000 because it's about half of mile away from a university cumpus