The biggest factor will be how long you plan to own the property or when you think you may refinance.

-Ray (see above) is the man and can get you hooked up with great rates and low-fees!

I just go in at the first of every month and code each line item to the corresponding property and note what the expense was for (Repair, HOA Fee, Mortgage payment, etc).

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

As I understand, landlords there cannot charge application fees, security deposits and evictions are VERY challenging.Have communicated with several PMCs and investors in Ohio market and not aware of any real differences from Michigan. 

Yeah the landlord laws in CA seem pretty harsh which would be a big factor why I would go with out of state.

I get the feeling Quest is resigning because there is not enough fee income to be made from me, so I'm being dumped.

It happened to coincide with Hurrican Harvey and we flooded during the rehab. 212 extended the HM loan without any extra fees for 4 months until December 31 2017.

What costs/fees should I look out for?

Yeah, various factors kept adjusting but for majority part it was the same sport. 2020, everything changed.