Under the hood, as an investor, in terms of monthly taxes, based on the above:Good scenario - $140k*.06 (investor v owner-occupied)*.5 millage = $4200 annually or $350/moBad scenario - $230k*.06*.5 = $6900 or $575/moTerrible scenario - $260k*.06*.5 = $7800 or $650/moAs you may imagine, these numbers make or break cash flow potential.Also, an extra credit question: let's say you answer the bad scenario.

You can get a Federal EIN and open a business checking without being an LLC, but there's really no upside unless you want to use a DBA rather than your own name.As far as cards, I just switched to Costco's Visa, 2% cashback and 2 extra years on warranties.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I will be managing the property.Cincinnati Ohio or local area I’m looking into If you know anyone whose interested or ready to get started investing and would like to make extra income monthly.

It doesn't hurt to have an extra pair of boots on the ground to keep an eye on things (even if you have a property manager).Just my thoughts reading this, welcome to Bigger Pockets and good luck with your investments!

I will definitely make sure to account for extra money for replacements or repairs. 

It's very unlikely a tenant is going to buy a solar system and a Powerwall (plus it sounds like they'd actually need more than one Powerwall or even a Powerpack with extra EV chargers since you mentioned they have more than one EV, a single Powerwall wouldn't be enough in a situation like that).

I showed them, it took them one extra day/week to sell and I lost a million?

Got talking to the title person and they keep seeing issues like this - and they got burned $12K in an unrelated sale - so they are being extra-careful.  

That was a hassle because I had to be present for some reason... outside of that, it has felt more like an extra set of eyes inspecting my property than big brother mandating needless repairs.