Insurance $125.00 Interest on loan(s) Land tax $259.00 Legal expenses Pest control Property agent fees/commission $290.00 Repairs and maintenance $145.00 Capital works deductions Stationery, telephone and postage Travel expenses Water charges Vacancy Est $203.00 Total expenses $1,022.00 Net rental income or (loss) $1,878.00

I think we are gone a total of 5 days and almost 2 of those are travel.  

I'm located in Fredericksburg, VA but plan on traveling and investing in all of Maryland, Virginia and DC.

This is especially true with multifamily where word travels between tenants fast if someone gets over on the landlord or gets a concession etc.

In fact my wife and I travel extensively so I'm not sure what he really means by "hands on" but I will be finding out when we meet to explore the opportunity in more detail.But it's a very successful property management company with lots of prime residential, mixed use, commercial/retail and even some mobile/manufactured home parks/properties in the portfolio.

I'm thinking about putting in a sub-meter and just sending the tenant of the house a check based on the usage. 

You can borrow money from it w/o restrictions as to usage, and you won't be subject to UBIT/UDFI for leveraged investments.

I have a rental in a golf community built in the 70s with EBB heat.Each unit has its own built in thermostat, so it takes some tweaking to get the settings just right, based on the usage of each room (don't forget bathrooms, etc).Also, in PA, you can select your energy generation company but all of them tend to increase rates in winter.

I love working hard, but I also really want to travel the world!

Expand the markets you're in and look for the path least traveled.