I would not trust an average number.This will be very specific to your management, your lease, your leased property, the area etc.Some people have made money, but I've not heard much about arbitrage lately, and some have lost money and  not honored their lease.In general this is just a job and not an investment, so it's widely discouraged in this forum.

@Pietro GaglioUse this database to help find average cost of care in your particular zip code.https://www.genworth.com/aging-and-you/finances/cost-of-care...If you're in Clinton Township it's roughly $4200, however keep in mind that this is just average.

Analyzing market trends, evaluating properties, building a team, staying updated on legal considerations, and using technology can help manage leases and payments.Good luck!

My passion lies in real estate investment, and I am currently working on becoming a successful real estate investor in the Halifax/HRM area.Growing up, I was fortunate enough to learn the ins and outs of the real estate industry from my father, who owned and managed 65 units.

The property was poorly managed by the current owners, not sure if there’s a current lease agreement.  

Biggest issue is high cost property in my area that’s preventing me from getting started.

For you self-managers, how do you pay your cleaners?

Having that deadline pushed me to stop overthinking and start taking action.Another thing that helped was breaking down the process into smaller, more manageable steps.

Although rates are starting to creep down, the cost of housing is not.

It's not a huge cost.