If he opts for a townhouse, a low HOA fee will help his buying power It gets tricky using lease agreement income when purchasing a house so I do not think that idea will work.

We charge 1% of the frontside wire fee with no additional Cost.

If you’ve considered a cost seg study in the past but they were too expensive, times have changed and the fees have gone down significantly.

In order to encourage tenants to get renter's insurance, we have been contemplating instituting a $50 monthly fee until they provide proof of renter's insurance with the owner listed as an additional insured, but not sure how well that would hold up if we ever had to evict. 

My lease has a sublet fee (2 weeks is guest by lease more than 2 weeks in a year is sublet) that is costly enough ($100/night per person which is about what a cheaper hotel is here) that makes sure tenants do not have others move-in without informing us.

Second, as sponsor you want a 1 - 2% annualized return asset management fee AND 20% of the profits after the investors get their money back.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Some people look at PM fees as “wasted” or something they could do themselves.

Confirm that the warranty applies to the type of property you own and consider whether the annual cost and service call fees make sense compared to just handling repairs yourself or using your own trusted contractors.

You can always build in a small extra fee for a realtor if its an off market property.