The other point they seemed to make was that any current tenant who is viewed as higher risk will not have leases renewed once the term is up.This seems like it will make the supply of units for people with marginal income and credit drop significantly, and rent will rise for those units.   

They understand the market, they are far more capable of screening applications, understanding the laws, etc.I don't recommend waiting until you move to find a PM.

a) Office Supplies (e.g. stamps, envelopes)  b) Software  c) Gas/Mileage  d) Advertising + Payroll  e) Concessions  f) Lease loss  g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorHow-much-should-you-keep-in-cash-reserves-per-property?

So, for a $50k Loan you could have 1,000 “investors” to deal with, supply accounting, statements, answer questions, write checks to, etc??  

I was just worried about it looking bad that the fridge clearly has the capability but doesn’t work.

Things to think about:Transient occupancy taxes, inspection fees, business licensing fee, etcUtility costs, which will be much higher than average bc people use your property like a hotelLaundry costsConsumables (tp, paper towels, shampoo, soap, dish detergent, sponges, cleaning supplies, etc)

What if you knew that a Lamborgini typically sells for 100k, but recently (due to supply/demand) the price was pushed up to 200k.

The reason being is that there is an over supply of housing in Baltimore City so there really is no reason for the city to be encouraging more units on the market.

In most cases, differences in intellectual capability simply do not help us differentiate success from failure when it comes to complex, high-stakes decisions.”

Generally if you are supplying all capital and he is doing all the work you could structure a number of ways.