Westchester can be pretty pricey -- and I don't claim to know it all that well -- but if you're willing to travel 45 minutes to an hour, I'd be surprised if you couldn't find something within your budget.

Get a good accountant who has significant clients who are real estate investors and/or small business people.My accountant is no longer local to me, but he used to be in NH and travels regularly to NH and MA.

Even if he wanted to travel costs alone would make having management a good idea as the returns would go down from the 14.6% expected.If the property was local then I could see that as an option.

It will need much rehab to begin with, but it's been smoked in for YEARS. 

She's not interested in messing with the properties and wants to travel and enjoy her retirement.  

College dude, "naaa man, I wish, thats what I pay for my room"Me (to myself) "holy smokes!"

A house was recently withdrawn from the market because a potential buyer had a meth inspection that came back with high levels of meth contamination - indicative of a lab rather than just smoking it inside. 

I'm looking at a property now and there is a terrible smoke smell.

I was traveling at the time extensively and wanted someone home for my dogs, planning on living in Florida and wanted to have someone watch my house in Montana.

My understanding with this is they are generally responsible for rent collection, tenant management, repairs & maintenance (small landscaping, supervision of subcontractors - which I approve and the bill is then send to me), maintaining records and such.Being my first month with my first property I was a bit surprised to see the 8% fee in addition to-Meet electrician for repairs and updates to fire alarm. 1.5 hours- $50Trip and installation charge for unit 1 window (without cost of materials)- $35Repair broken handrails (without cost of materials)- $30Cut and trim, clean loose debris- $35Unit 4 late rent collection (time contacting, travel to meet)- $25This adds $175 to the 8% ... my question is- what then is the 8% for?