The returns I've seen as far as cash flow are decent, but what attracted me are the typical long term leases with rent escalations every year.

Anyone else hear of passed legislation mandating the property managers in addition to property owners are now responsible financially for any repairs not done on properties, taxes not paid and rental certs not submitted/paid for, lead based paint fees/apps and required work, HVAC certs every year and proof utilities (water/sewer) as paid, and general compliance matters?   

-It is on my to-do list to look into an LLC for next year but in the meantime I have an umbrella policy for additional liability coverage.

In many states you have to be a licensed real estate broker/agent to be a property manager.

She is based in the Philippines and plans to stay in the property every 2-3 years for only a couple of weeks.

Property tax is usually around $6300 a year rounded. $525 a month. 

If you purchased this house turnkey this is why you have to wait 1-2 years to tap into the equity.

I'm a 22-year Army Veteran.

Using stessa, i can even click a button and export my end of year income/expenses for my CPA! 

By using the program, I want to buy a condo here as my primary residence.This is my first home and I reported more than a 2-year tax return, I have a solid job here.