Then I charge the tenant for the number of days it takes to find a tenant, up to the 30 days agreed on in my written lease.

Repairs will be more 5% and Property management i will underwrite at 10%. unless you know you have a good PM in that market you know that would charge less. 

@Peggy Tibbs, you bet. 

To make a long story short, I would be in charge of raising all capital and handling the money.

And don't be surprised if you are charged for the estimate.

I don't see that under your "origination charges" where mine shows up, so I'd say you did better than I did.

You should look to see the built in gain in the securities.Your old brokerage account may charge you a fee for transferring the fees to your new brokerage.

Probably your best bet for cash flow here as a few clients of mine own them and do ok, but its a challenge dealing with that type of tenant and might not be the best first investment property idea..  

To be clear: the rent we have charged was fair and competitive for many years.

I looked online and saw the IRS charges about 5% late payment and interest charges per month.