Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We used glue down vinyl plank flooring and the cost for the materials and installation in Florida was $3,000, which was a great deal when comparing to other companies fees.

The lease requires a 45 day notice, rent paid during the notice plus an additional month and a $100 admin fee.  

Address: 8177 Garfield Ave Hunington Beach, CA 92646IF i were to buy this for 2,300,000Cap rate: 4.56Bed/ Bath: 1/1 x 8 UnitsRent: 2000 x 8 Expenses: Property Management Fees - 1000Repairs/ Maintenance - 319.14Real Estate Taxes - 2875Rental Property Insurance - 766.67Vacancy Costs - 1333.33Capital Expenditures - 960 Total monthly expenses: 7254.44Financing: Down Payment: 20% - 460000Loan Amount: 1,840000 @ 5% interest rateClosing costs: 69,000PI/Mortgage: 9877.52Cash invested: 529000Total Monthly Cashflow: -1311 = 16,000-7254-9877.52ROI: -2.57%The point of this excersise is for me to recognize bad deals.

@Anthony Testino Perhaps there is opportunity to use crypto assets as collateral / getting crypto backed loans - however, fees high and the usual caveats about crypto etc etc but you usually do not have to sell your crypto to borrowCompanies already doing this/or serving as lending platforms :  SALT, Unchained Capital ,BlockFi

I've seen that the asset management fee is typically 1-3%....of what? 

The 4th unit the tenant pays late every month and has accrued a lot in late fees (previously owners charging $5/day in late charges).

The 4th unit the tenant pays late every month and has accrued a lot in late fees (previously owners charging $5/day in late charges).

In my case, they will install the meters for a fee, and I pay a plumber to connect.

I have 2 choices: 1) Pony up the $3,000 out of MY pocket to get the job done (I don't need to bring this money to closing, but I do need to demonstrate to the HML lender that I have the funds to make it happen), or 2) Simply adjust my budget down by $3k.Let's say that the lender charges the following:3% origination fee ($65K *.03) = $1,950Appraisal Fee - $500 Pro-rated Interest (one month) - $380 Title Search / Title Insurance - $175 Pro-rated Property Ins. - $100 Pro-Rated Taxes - $400 Settlement Fees - $400 Recording Fees - $100 Wholesale fees (if applicable) - $500 Since "No Money Down" is not an option, I'll will need to pay these fees up-front in order to get my $65,000.