Here's a summary of what they've offered:- Monthly PM Fee: 8%- Markup Fee: 15% on top of bills for services like fridge setup, applicable to any expense over $300.- Late Fees: They retain 8% of any late fees collected.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?

Replacing the electrical can be quite expensive.  

I've got a pretty expensive remodel with furniture so I only want the right crowd.

Total expenses (include formulaic maintenance and vacancy rates)4.

Would it be expensive?

.- I am confident that the 50% rule will be a more accurate expense estimate (-606/month) than the OP's estimate. 

For instance, spend $10k on a kitchen remodel, increase your value by $8.5k (or whatever, but it's always less than the expense).I figure I must be missing something, because BiggerPockets is full of investors talking about their contractors, etc.

Client acquisition is time consuming, competitive, and can be expensive if you don't do it right.

Do I need to use form 8825 to report the expenses, even if we have no properties? 

Estimated Rent (based on neighborhood median) = $2800Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750Cash flow = $50  :(Do I hold onto this gem or sell it and move onto a new strategy??