Thus if it is one month's rent lease up fee, and you expect the property to turn every 3 years, then divide that amount into 36 months, and add it to your other expected costs. 

You will always be better than Zillow if you just give it a think instead of expecting to be told.

I know this because we sat down and looked at her credit report in the Mint app (a soft inquiry, and yes I know it only gives data from 1 agency but I don't expect the other 2 to be vastly different).

Contact me any time and let's discuss your needs and expectations. - Chris

Expect to screw up and make mistakes often.

It is all about setting expectations and enforcing consequences. 

And when is this next down cycle and what do you expect it to look like?

@Levi T.

While I am younger than Patrick I am on the same track as he is ( I am 45 and currently manage 15 properties while working full time)  And would like to most likely exit completely at age 60 and find something truly passive yet still give me as close to the yield I am generating now (between 14 and 22% annually) I don't expect to get the returns I am making now on my rentals while self managing but at age 60 I hope to scale down my cost of living as well and not require as much, plus I will have 401k as well as social security so my plan is to have multiple streams of income. 

I recently read "Secrets of the Millionaire Mind" by T.