We know we still have to pay for a property manager as well as we are out of state in Michigan and other operating cost along with utilities.

We've all seen the potential benefits: faster construction, potentially lower costs, and the ability to design unique living spaces.

You need to be coach able,  listen and implement what is provided. 

However, the room cost is making it challenging for me.

having cut my teeth with a HML in Oakland Ca in the mid 80s  I have watched this transformation of how the industry is marketed.

The frustration of managing 28 locks, each plagued by the same problem, has underscored the need for a more robust and reliable smart lock solution.In summary, the Yale Assure 2 locks have proven to be a costly disappointment, especially when multiplied across 28 units.

Your profit is $50K*** obviously you need to include holding costs, taxes, broker fees etc. 

You spent $45K to get it - $37,500 down, $5000 in closing costs and $2500 to get it rent ready.  

After paying off HELOC and closing costs etc we would be left with roughly or so $110,000-$140,000 if we sold it.  

If you hired a management company, what was your monthly cost and what did it include?