Assuming 20% down, 5% amortized over 25 years, which is what I would get because (unless it's my primary residence in the case of a house hack), I want to put properties under my LLC for asset protection.Here are my variable expenses:Vacancy: $56, or about enough to cover one month out of the yearRepairs: $42, somewhat arbitaryCapEx: $105, will probably hold me over until the mortgage is paid off in 25 years at which point this can increase, but it's actually a bit less than I'd like given the details discussed in the article that was linked earlier.Property Management: $70, or 10%, which is standard in this areaNot to mention the fact that this property seems somewhat overpriced, but that could be addressed in my offer price of course (not saying they would accept, but this is just a testament to the price to rent ratio here in Springfield, which, in this case, is about 1%.

Landlords should include any and all articles in their lease that they feel are necessary to insure a tenant treats and respects your property as you choose.

Article link below:https://www.bizjournals.com/au...

That's what the first article details (warning - it's over 3,000 words ^^)

My brother ( a long time RE investor) who lives in So Cal,  read this article and is now seriously considering investing in JAX, quite possibly with the turnkey company I started investing with 3 years ago.

A BP article recommended that a good cap rate is one of the two strongest predictors of a good deal (that and ROI) and should be thoroughly researched.  

Great Article by JJ PawlowskiWhen Applying For A Hard Money Loan, Keep Your LTVs As Low As Reasonably Possible.

You can set up a Maryland LLC online it's quicker and if you pay the expedition fee you can get the articles of organization in a day or so.

Check out the Blog I wrote that details some of the steps to take if you're looking to find and operate a successful rental. http://www.hawaiilife.com/articles/2014/09/vacation-rental-ownership-tips/

The mistake I made was not doing enough research on a person I chose to work with because I had been told by a BP article writer/podcast interviewee that this person was a good guy when I emailed him for a recommendation.