Typically management is about 4% of gross collected annual revenue and sometimes 5%.

Hi Noah, very impressed with the purchase price and return you managed here!

No problem, here are numbers off the top of my head that I think are applicable.Address: 1823 Madison Way, Lynnwood WA 98087Purchase price - $583,000 (May 26 2021)Down payment - 10%Interest rate - 2.9% - 30 yearMortgage payment - $2800Rent collected from tenant - $2,000Stock Portfolio Line of Credit -$133,000Interest rate on line of credit - 4% (not a fixed rate and no fixed payment schedule)Last month my real estate agent ran some numbers and comps and thought $750,000 was what it might appraise for if we re-financed. 

Them selling isn't as easy as collecting a check and deep down they want to have the piece of mind that whoever buys isn't going to treat the house poorly or anger the neighbors.

I was going to collect a Deposit to Hold for 14 days for the person who doesn't need the unit until Feb. 1st, but then charge a pro-rated rent for the 10 days beyond that 14-day period.

Do you use a software/system with your property manager to keep track of all rent collected, capital spent on repairs, and more to stay organized?

You keep the house, hire a manager, collect $3350/mo and pay $2200 in PITI.  

TLO gets very expensive at a dollar a pop, I was using it because I was under the impression it was the most reliable and up to date information. 

The state determines what taxes are collected.

Cozy (which is not apartments.com) has a decent set up for screening tenants and rent collections.