Hi BP experts and PMs,I am in the process of trying to close on a Rental duplex in Tampa ,Florida. I heard that self managing the rentals for a while helps build experience and truly understand what PM's face ,but I h...

Hi Darrell,Check out the Property Investors Network, PINLots of locals do very well in rentals, it’s really a matter of having standards and a system, holding to them, and deciding how you want to focus your investments. 

I've been to the county deeds office myself and had a look at there system. 

I'm including water/sewer as there isn't two meters. 

I'm considering putting a mound system (septic) on a particular lot that I'm making an offer on.

What if in month 2 you need a septic system, or something unforeseeable happens.

We are not opposed to it, but how would you handle the water bill?

It's all about setting the buyer up for success at the start.There's a lot of systems and strategies that an investor can employ but we have it pretty locked in at 2 deals/month averaging $70,000 per deal.Hope that helps @Shiloh Lundahl, great question,Chris Pre

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

Our house is in Spring, Tx and with the growth that's been going on in Houston, I really think the long term housing market is pretty solid.Monthly Expenses:Mortgage Payment - $1,042.85 (Includes P&I, Insurance, and Taxes)HOA Dues - $45Repairs/Maintenance - $257 (Roof, HVAC, and Water Heater are from 2016 - plumbing is all galvanized)Property Management -  $160Total Expenses - $1,504.85Estimated Rent - $1,600It's a pretty thin estimated monthly margin of $95.