By ensuring that each tenant member is capable of covering the lease by them selves, you are at less chance of risk of non-payment, should things go sideways. 

I don't want to seem greedy but I want what is fair and as we are new in the industry I don't know what is standard. 

There's no guarantee about how much money you would make but it sure would be an easy way to make extra money and every loan that closes needs someone ensuring the documents are signed correctly.

My properties were in Detroit and believe it or not, their court system was fair. 

*Current numbers*Gross income: $1,380/month or $16,560/yearTaxes: $67/month or $800/year Management: I will be doing this myself with my team, but I am thinking around $250/month or $3,000/yearMaintenance/Capital Expenditures: $250/month or $3,000/yearVacancy: I'm thinking very low since the trailers are not park-owned, but I figure 5% is fairly conservative. $69/month or $828/yearNet Income: $744/month or $8,932/year.The asking price is $75,000 and the seller indicated it was negotiable. 

In addition to what's already said above, Of course do your due diligence from ensuring proper leases are in place, the rent he says is what he gets by checking his bank account or some sort of proof, make sure the expenses he quoted are correct by looking at utility bills etc., title should be free & clear, no zoning violations etc.

.)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.

My best guess walking around was that it needed some fairly moderate repairs.

How to qualify: Process all bookings through the HomeAway checkoutListing Quality Add high quality photos that highlight all unique aspects of your home - ensure that your photos are well-lit and high-resolution.

I’m  fairly new to real estate investing.I am a plumber.