On a $30K investment (actually higher with your closing costs), you're looking at about 8.7% cash on cash return.Now, if you manage it yourself and handle minor maintenance you can earn a pretty good chunk of that "50%" for yourself.

I've now been using them for a dozen years (even though I moved out of the state in 2013), and Investors Accounting has saved me literally hundreds of thousands of dollars over the past decade...their annual fee is basically nothing compared to that.But, I agree that if I just wanted tax prep, I'd probably go somewhere else (or do it myself). 

We repair and do not replace appliances.We do not provide a washer and dryer.There is a place for hookups but our maintenance guy hooks them up when they move in.

This would help subsidize the lease payment without taking on too much risk should the son/daughter decide to leave school.I live in a college town and I see examples where parents bought their kids "a place to live" near campus and it almost always ends up biting them in the ***.Most of the near campus properties are older and require a lot of maintenance.

For instance, with a C-Corp and S-Corp you need to hold annual board meetings.

I suppose if you could find a way around it, you could deduct maintenance and depreciation whereas you would not be able to (that I know of) for a primary residence.

Just because the HOA has low Association Dues does not mean that it is collecting enough money to cover it's operating cost and saving in the case of an unexpected maintenance emergency.

Tenant screening, client portal, tenant e-payment, and maintenance.

I have had no flack from anyone over it.How about running the lines through your locked maintenance closet and installing the flow meters there so you can keep them secure?

I feel that with the cash flow provided, it will take at least 16 years for the annual cash flow of the rental to match the $80k profit if the home was sold.