They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.

You have to know what a Lot in that area is selling for and add on the cost of NEW Construction in that square footage to really know anything.

Read about finding off market deals and marketing to them; read about making offers and estimating rehab costs; read about building a buyers list; read about the analytics of a good rental property of flip property.

Make them based on what your tenants need (not want) which would also allow for them to customize (furniture use) to their tastes.I wrote a book on this a number of years ago that touches on a lot of these things, but it was focused on my specialty, "Energy Efficient, cost effective homes". 

I'm keeping a couple free checking business accounts; I'm a self employed web developer so that has its account and then the property investing, the other account.Yeah, fees suck and I had a great blowup with my local bank where they charged me 28 bucks because they couldn't get their deposit dates straight.

I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!

I hadn't hoped for rates of 5% from a wealthy doctor, but would love to shave anything that I can off of the cost to do business.

(Eg Travelling cost, cost to repair (labor,  materials).

Have done business with them before, neither wanted to touch this deal.

So a bit of professional background about me:• Bachelors in finance, top of my class - I have deep understanding in debt, equities, cashflows, business operations etc• Worked for a year as an acquisition analyst at small fund that invests in multifamily deals.