A hypothetical $150/mo fee to manage a 2k/mo home is tolerable, but a 150 fee to manage a 750/mo house hurts.Just make sure you factor in all of your expenses into your equation and don't just calculate your cashflow as being how much money you have after paying the mortgage.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

@Bill Brandt could you share how much you charge for, pet included deposit and any one-time pet fee ?

If you were there over two years you won't have as much to pay as much in taxes.

But realize that expenses also rise... property taxes, property insurance, etc will offset higher rents.The shortest answer I can give you (in my opinion) is that it isn't a great time to be jumping in for most newbie investors.  

Origination fee 1% or $700.

. $1800.00 plus court fees. 

I want to do things the right way, but feel the pressure of a tight budget that will get drained considerably by the permit fee and multiple inspection fees. 

Your “rent” is going to be the landlord’s principle, plus taxes, plus insurance, plus their mortgage interest, plus profit.

@Michael SmytheUsually 2-4% higher than the standard fee.