This PM has those fees regardless the price.My properties are at market rates(I did spruce them up with some fresh items-paint/hardware as I increased the tenant's monthly rate this last year :)  Maybe that shows my soft side but it softened the blowAgain, my worry is about possible legislation being put in place because of fees such as these.I am also not hating on PMs  They do provide a valuable service and when I finally do fully retire will be utilizing that service--although the old saying "No one cares for your property as well as you" creeps in my mind.Again, Thank you all for the discussion and making me think..."

I have already hit FIRE and and am well below official retirement age.

As a retired marketing executive and professor of marketing, I've always advocated thinking outside the box. 

I’m connected with a turnkey (Rent to Retirement) for my start with SFRs in Alabama and Missouri, but looking to scale up quickly to multifamilies/apartments in other areas like Ohio and Florida  I’m an out-of-state investor working on building a future network across these states.

While abroad I kept trying to find ways to make money remotely to sustain that lifestyle but evidently proved to be difficult and found that 80% of the people who sustain that lifestyle either teach English abroad, are retired, or own rental properties.

For my area, that's very steep (most places are around $600).I finally have a very promising tenant coming to visit (retired government worker here to help with a trust) and to check it out.However, they want a 6 month lease.A definite pro I see is that their lease would expire in June - during peak listing and selling season.

I have been putting 20 year loans for the calculations just for the purpose that I would like to retire in that time frame.

Typically with a 30 year loan you will have more cash flow which you can reinvest into the next property.However if you want to retire in 20 years, but don't want 20 properties than a 15 year mortgage might work in your plan.You could always take out a 30 year mortgage and put extra money down on the principal later.Regardless of whether you choose a 15 or 30 year loan. 

The FIRE Wizard meetup established to learn from, network with FIRE (Financial Independence, Retire Early) practitioners and “Wizards” (rockstars).  

I can relate to the start of this thread because it's very similar to the way we got started in private/hard money lending.2008 really killed any money we had in both 401ks and stocks....so we started by moving whatever was left into self-directed IRAs to be able to fund projects with our retirement money and taking control of things....and we never looked back and we continue doing it.