There is the added benefit of more year-round interest or a rental to Salve Regina students or staff.

For example, maybe a Chihuahua increases rent $25 a month while a Black Lab increases rent $100 a month.I require they sign a separate Addendum that spells out the rules for pets.

Sometimes the maintenance staff at the parks do handyman type work on the side for extra income.

The answer is it depends.It depends on the location and what might attract people to your property, amenities, competition, your purchase price, how well you take pictures and furnish the property, how active you are in promoting the property, having a good support staff (mainly excellent cleaners/s).

If you are interested, you can check out my Accounting Lab which walks you through Wave Accounting and how to use it.  

Some companies may only charge 8-10% to manage, but charge you $50/hour for their on staff maintenance guy that they pay 20-30/hr.

If so, you have to have staff to take care of the people, and that could add a big overhead.I don't know anything about a boarding home for elderly folks, but I would think there would have to be some mandatory regulations you would have to meet; the building might not be up to the regulations.  

Lucky Lab pub in Multnomah Village. 6:30-9:30 PM.

@Kirk Gore We used to outsource but now its all internal as my brokerage has a short sale processing staff.  

(According to my business advisor at the Goins group, most of the students fail to find good deals and it takes several Goins Group staff members a full time effort to find homes that qualify their own criteria.)I put in 1,501 offers over the course of two weeks, which required that I essentially play hookie from my full-time job in academia in order to submit and follow up on all of the agents who responded to my initial offers.