Very difficult area to be a landlord.Tenant base is lifer tenants. very tough on the housestheft is rampant you leave a home vacant for more than a few days and you HVAC AC unit will take a walkKids break in and trash them.YAZOO Clay screws up the foundations big time.And lastly with those homes they were built so cheap in many instances they are just functionally obsolete and take way more maintenance than other areas of the country.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

Purchase price: $305,000 Cash invested: $85,000 Gross Rent: $3,400PITI: $2,270PM fee: $340Basic heat (on boiler but tenants have baseboard electric heating they pay for): $250/mTrash: $164Water: billed quarterly and charged back to tenantsCash Flow: $376I do not include capex in my analysis.

Great advice above- I'd invest in a consult with a local tenant/landlord attorney and have them modify the lease they use for your situation.

I’m looking at doing a STR in SC as well.

This is a great place to learn and further investigate investing in real estate.

I would think something much north of 18% or so would be illegal, at least in Texas.

We have a key box at our office with a spare key in them.

The house oscillates between cheap veneer "new stuff" that's already chipping/flaking/breaking and very old stuff that is in need of replacement.

Need to put in a lot of $ to expand in addition to other things.