It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

This could mean an extra electric bill for you and/or cleaning.- Fire monitoring. 

What are the advantages of having one (arguably there are no costs that can't also be obtained with an umbrella liability insurance policy) versus the costs (yearly registrations, extra paperwork, startup costs, more expensive mortgage options)? 

Our primary long term goal is just to create some extra passive income, we both have careers otherwise that we do not necessarily want to quit.

Nearly every State's contract has a section for special instructions to lay out terms, add extra documentation etc. 

For those of you who invest out of state, do take extra caution and make sure your Boots-on-the-Ground team is being extremely diligent. 

Also check their leases to see what they currently say (does it include utilities or they pay extra for those, how is it split). 

I have found a property that cash flows on paper, $220/mo after paying PM saving for repairs cap ex vacancy etc… rent would be $1000/moThe problem I am having is its in a bad area and I’m working with limited funds so bad areas are all I’m able to invest in currently, until I can grow my savings and BRRRR a few houses that I can pull some extra cash off the back end with the refi. 

So, I'd like to ask my fellow landlords with properties that are waterfront or seaside what extra bit of maitenance comes with them?

However, my question is trying to figure out how much an extra bedroom or squarefoot would cost?