Separate question: I see agents with the military flat fee advertising $5K flat fees.

Would I be in any violation for requiring an additional monthly charge for the adult that is not immediate family (the nephew) and require larger deposit (refundable of course) than originally advertised on Craigslist due to the large number of people that would be living there?

But instead of 1 months rent for CapEx I use 15% (of revenue) for CapEx/Maintenance and 8% (of revenue) for Operations (accounting, advertising, house showings, etc.) 

I’ve seen cleaners advertising on there.

I would be very careful advertising to raise money for a syndicate.

I've seen a few PMs advertise a 10% management fee for Gat/PF prop mgrs.

At the end of the day I suggest 3 things if truly interested in going forward: start prepping your home as a rental now (photos, advertising, lease terms, property management, etc), verify the requirements of current mortgage terms (i.e. anything thatvspeaks to residency/occupancy requirements), and start shopping lenders/talking to loan officers.

* How do you advertise your vacant units?

* How do you advertise your vacant units?

As for being a contractor, you need to figure out all of your overhead: labor, workman's compensation insurances, payroll & sales taxes,  general liability insurance, truck expenses, tool expenses, office consumables, advertising etc.