As for the other tenant, we plan on having them sign our lease (they have been there for years, and are operating on a month-month status from the old owners lease) and also add that cost into their new lease with us.

Gm I am a looking to buy a mixed use building front has a no operational barbershop I am a barbershop owner.

FYI, I only operate in the state of Iowa.

Congrats but agree that producers adding drama always seems to ruin shows yet they keep loading it up, every commercial break comes with a "cliff hanger" lmao. 

What kind of services, operations, reports, bookkeeping is included in the PM fee? 

If this contractor is known as being reliable, or was referred to you by a reliable source, then you've already taken a load off your shoulders.

I create my operations manual and flow for all my processes with mind mapping. 

There is no one way and it depends also on how you choose to operate your business.Monthly rent...dependant on property, market drivenUtilities....specific to property and marketsinternet, cable....market drivenTenant or landlord costs.. market and landlord choice

It's another tool in your RE investing toolbox, and you need to learn how it complements the other tools you have and how to use it properly.Plus, you should separate your asset holding entity from the active operations/property management entity.

They were each operating at the 1.2-1.4% rule.