First year no PM cost.

Currently they are rented to 2 different mid-term rental investors = basically no management cost to me + no turnover headaches for me.

The one month's worth of rent covers some costs (cleaning, readvertising) and the rest is a hedge against vacancy.

So, by trying to get a tenant out and replace them with another tenant you have a 50% chance they will be the same or worse, plus the expense, lost rent due to vacancy, plus any tenant placement costs with your PM.

DIY managing is usually best, so you learn enough to avoid getting taken advantage of if/when you hire a PMC in the future.Your challenge is learning enough to avoid lawsuits and costly mistakes!

If we rent our house out, the tenant would likely cover our entire mortgage, but our HOA costs are high (they were raised a lot recently).

Expense Deductions: Deduct direct expenses like materials, labor, and selling costs.4.

It will be direct competition with hotels.

There is plenty of competition among agents, and I see a wide range ofcommission structures to choose from.

Whe shopping around you are going to see that some charge more interest but less closing costs and other less interest and more closing costs.