Presuming you are only responsible for the costs listed above, the exact terms of the contract would come into play. 7000 down is your initial investment (plus any filing fees if the seller is not covering them), but what is your monthly term and interest rate?

If you play with fire, do not complain if you get burned.  

We are playing the long game in this business so patience can certainly be your friend.

Competence, strategy, ability to execute, client experience, and ability to connect with other professionals play a role.It's not a commodity.

Thanks,RDIf the market norms are to charge 1 month's rent as the leasing fee, do you really think going with a Property Manager who's only ability to compete is by not charging market prices is the smart play?

He also says that because he is not laid off, he can not apply for unemployment benefits.So I guess, he is playing victim here and I feel like I have no choice but to accept his story.

My agent is sure this will not affect summer rental season.These are the situations I see playing out....1.

The deal was good from the start but certain things have changed how all this will play out.

That is what I used as my play book. 

That could play in your favor, but only if you do more than just aerial photography and/or video.