He actually didn't tell me about his past-- I screen contractors who will be around tenants for drugs/sex/violent charges.

The fees I see around here range from $400 flat fees up to $1500 flat fees or a percentage like .05% or 1%.

., collecting rent, screening tenants, dealing with move ins and move outs?

Paint, carpet, new window screens, etc can add up.

He has multiple rentals himself and has assured me that I will be fine with his guidance and support.This isn't the path I thought we would be taking (self management) but by having someone do what I consider the "hard part" - finding/screening a tenant - I think we will be okay!

(So my net phone expenses are $0.)No cable TV ... no big screen LCD TV ... no Netflix ... no expensive cars ...

Yes, I know you can minimize your risk by good screening and yes, everyone believes they are bullet proof, but if you get enough units and do it long enough, it will happen to you.

I just see there being a lot of opportunity to do that kind of thing with all these low interest loans when the rates go back up and prices stay flat, which is what I'm anticipating.As to your last question, it depends on the seller.

Up until that time, it can be a series of gambles or an expense depending on the demand for housing and your screening criteria.

The house may not be good enough for your family, but if they are willing to pay to get in there, have a good credit and criminal history then you have a well qualified candidate.get it on postlets and see if you can find someone to flat fee list it on the MLS for you.