A good point to take away from @Colleen F. is that depending on the type of deal and age of property you might need to spend a chunk of time there occasionally handling larger capital improvement projects.

Those numbers sound a bit bloated.

You can find deals on MLS occasionally but generally the sellers there want retail and as an investor you don't buy retail.

If you want the condo as a place to visit occasionally, then that's very different than looking at it as a pure investment. 

Occasionally we revisit to negotiate. 

There are a couple of fellow that work at Camp Zama, they occasionally get together for meetings and touched base with me.

It does result in occasional short periods (typically 1 night but occasionally 2 nights) that a unit goes unrented because with the fixed fee our single night charge is not cheap.  

I have property management in place so most of my time is spent on paperwork, accounting, admin along with resolving occasional issues with PM.I spend 10-15 hours per week researching new properties and markets.

I am considering having only occasional group showings, perhaps one per week?

But we all run into people who aren't willing to short-sale their property, and they would like to attempt a loan mod.I haven't done any loan mods, but the lady I work with does them occasionally, and charges $2500.Getting a loan mod and versus getting a short-sale approval is essentially the same amount of work.