Most check-ins/out should be close to automatic.With our 12 properties (9 ours and 3 cohosting) we get 1 phone call every 2-3 weeks. 

Not including closing costs. 

And all the folks that could never get a deal to close and lost their deposit to them and EM etc etc..

We pay 1.75 months of rent per new customer.Total                      $34,000                $53,000Once your location gets close to full occupancy for 2 or 3 years. 

Hi all-Getting close to closing on a prop about 90 miles from where I live. 

What's left is simply $ to close (HML easily solves that) getting the vendors to do the "simple stuff" (pick your platform; Angie, Neighborly etc etc) and than to sell it (more agents than one can count happy to list). 

I am not out on the teaching circuit anymore, but I was for 15 years and have written 4 books, and many courses, on the lease option topic (one for the UK), so this topic hits close to home for me.  

If we assume all cash and a 50% expense ratio (this improve with time due to the near fixed property tax) would provide 4.8% return from cash flow not including closing costs).  0.5 (rent ratio) * 0.5 (50% rule) * 12 (months). 

I have worked with the closing team, renovation team, the property management team, and the customer service department.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.