Plus I get the added bonus of diversifying my money into multiple units (since property prices are much cheaper in the midwest).

I have started saving like $100 a week on food while eating better(Bonus!).

If you have sensitivities to the neighborhood or people, then maybe charge market rates and give them a bonus at the end of their lease when they didn't screw you over or destroy your place.

I will be giving my PM a bonus if I can locate, close and rent within 45 days at 10% CoC return.

I would also include roughly 5% for vacancies, 10% for property management(bonus if you do it yourself), and roughly 7-10% for maintenance.

I've only had an early renewal bonus (for example, $100 off one month's rent if I renewed by an early deadline).

Cashed in on 70,000 bonus points.

You can always offer a higher % fee for the buying agent, along with a 1-5k bonus for an accepted offer by a certain date, maybe June 1....

I have a few properties, nothing larger than a duplex though, but at my initial anaylsis, I always estimate 10% vacancy, that way, I'm looking at a bonus at the end of the year rather than a loss (most of the banks I use assume 5-7.5% vacancy).

As my net worth has grown, so has my income from wages/bonus/stock grants.