Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Best,Jon You cannot break a lease in order to move in.  

@Jason O.I've rented to over 700 students (under and grad) and I understand the market well.To do it successfully: time it with the academic calendarSept to May: flat price including utilities and furniture for max revenue, can include a cleaning service to keep an eye on the rental.May to Aug: depends on your city density and the amount of summer classes, increase the price to accommodate the demand or decrease it accordingly.

A few neighborhoods that are a tier below the west end and that would probably make more sense for you when running your numbers would include Montrose, Chesterfield, East Highland Park, Colonial Heights, and Sandston.

Texts are also included.  

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.They are paper losses not actual losses in the bank.What will be an example of passive income that is not real estate rentals.I'm assuming that capital gain from stocks is not included and can't be used to offset real estate losses even though they are passive income?

If you do not, and you break the laws, and the deal doesn’t perform as intended or as explained, then we are not just talking about losing a few hundred dollars or a few thousand dollars like you could lose on a single family home where you did your numbers wrong, we are talking about losing hundreds of thousands of dollars or millions of dollars and possible jail time for SEC violations. 

Current water lien law may not be relevant since you bought before 36-60-17 was amended to include that limitation.What does local law say about lien duration for water? 

Knowing that would be my most realistic way to get a break on such a large purchase price. 

The attorney who reviewed my contract was also able to confirm the typical lease rates.Oh, one thing I forgot to mention is be sure to include how and when the lease rates will increase.