There are some hybrid management models you can use but you want to vet that out ahead of time.Other than that you need to consider professional photography, setting up your booking platforms, writing copy for your listings, local permits, landscaping, hot tub/pool, garbage, water, sewer, electricity, cable, internet, snow removal, etc. etc. 

Focused on my career but then caught the real estate bug recently :)About a year ago, flipped a house by myself and sold for a profit (I am in architecture field). 

It is currently a corner triplex row home that is metered with separate water & electric & qualifies for a 10 year tax abatement. 

The hot water and electricity supplying the machines will be paid by me.

Broken windows, locks, pumps, electrical… It was always something to eat away at the rent, then found out the tenant moved out after not receiving any money for months and the property manager never told me.

I have been a property manager for 15+ years as well as know all trades (roofing, minor plumbing, minor electric, drywall, paint, carpentry) from my years of working on homes.

Any time there is a change, write up a simple amendment and have all parties sign it.Addendum to the Lease Agreement for 123 Straight St, Dallas, TX, between (OWNER) and (TENANT) and dated January 1, 2019:Owner is the Manager of Electric Sagebrush LLC.

Since we are paying the electricity, we are concerned that it may end up costly.

Water, sewer, gas, electric all provided and only 5 miles from each level of school. 1 hour from major metropolitan area.

We've spoke with about 5-10 property management companies and saw at least 30 houses before buying this one.Your numbers roughly seem accurate, as others said firstly look at HOA+CDD how much will that cost, than electricity is a big bill I've heart too.On the location, we ended up really like the community called Story Lake.