I would offer a flat fee or no more than 5%, make sure they have no complaints against their license, do a custodial bank account so you can easily terminate.

A visually impaired person you want to be sure you have handrails that are easily used on entrances and stairwells.

Tenants rarely change the filters, which reduces the life of the unit.

However if you'll have to find renters and pay all the expenses until that happens, you may be out thousands of dollars until you get your first rental check.Most importantly, being your first rental investment, make sure it's somewhere close to where you live or work where you can easily drive there.

A lease may allow or require maintenance in a commercial lease, it is not acceptable in a residential lease, beyond minor issues, like HVAC filters, changing batteries in alarms or cleaning gutters.

I don't want to drive and/or waste any more of my time than I have to and these types of things can very easily be handled without meeting in person.I've bought/closed on multiple houses where ALL of the paperwork (i.e. initial offer, addendums, disclosures, closing docs, etc) was handled via email.

This could easily be a few months or more.

(multiple vacancies when you only own 5 properties) However this is easily handled by having a proper amount of cash reserves.

He can easily rent space at a storage facility for both of these things.

The fix up could easily run you 200k.