I bought it as a primary residence but it’s sitting empty majority of the time as I work in New Mexico 95% of the time and get per diem to be here which more than covers my New Mexico living expenses.

You can also waive the application fee.

The mover can often do the set up for an additional fee. 

The ACH transfers are slow but reliable.Cash: dangerous to handle that much cash, easy to lose, have stolenChecks: bounced check fees are a painPaypal and some other services: I have heard horror stories of accounts being frozen for weird reasons

Typical monthly management fee is 10% of the rent.

The tenant took a day to respond to the message and at the time the music did turn down about 10 minutes after I sent the message.

I get the $25,000 to $50,000 Option fee for my pocket, and I can buy another property, plus I get about $8,700 a year in cash flow and the principal pay down and the equity capture and the tax write offs.

Now, agents have to be more upfront about their fees, which could mean buyers might have to pay their agent's commission directly.

This is why management fees will be not subject to SE taxes. 

-Current market rent is $1,250 per unitHere is what numbers look like when I live there: We currently pay $1,450/month in rent right now so that's something to consider.