In addition to 10% management fee...

I will have multiple tenants and running my home as a legal business, but especially because of the higher turnover, I want to be prepared by creating an LLC to protect my business, and to employ some part-time help with the management of the property on-site.  

It looks like there are new investments in the area to create employment.

I am trying to get ahold of the insurance company to get more details on this but if the insurance companies are going this far I can see about 60% of Central Florida homes not selling due to $15K to $30K worth of additional wiring just to sell.

Any additional information just to help with the decision making process would be appreciated. 

And that is split with your brokerage, and what you get is taxed as self employment income, which remember has a higher tax rate than a w2 income.Other costs with your license are mls dues, sentrilock/suprakey dues, Realtor association dues, e&o insurance, continuing education classes, possibly desk fees from broker.

In addition, start looking at deals immediately and get familiar with the numbers in certain areas and rehab costs.

You mentioned not wanting to invest a lot of money, and that's fine, but having additional capital may still be required.  

Being that you are in Japan that ads additional difficulties.  

Free cash of $1,300/month (the $1,150 you are currently paying in mortgage and utilities plus $150 cash) could then be used to pay towards principal on SL and car not, accelerating debt pay down.78% RR on 20k minus 5% avg SL and Car interest and 4% mortgage interest = IRR of 69%I think (assuming I'm looking at this the right way), using your 20K in cash soldiers to generate additional income is more advantageous than using it to pay down debt.