I agree with Account Closed above.

You create systems so you don't have much time needed to manage (even remotely) and you save the PM fee.My tenants pay via Zelle or they deposit into my account at my bank.

For that matter, I have yet to see anything on the MLS (I haven't found a good source of off-market opportunities yet) with a cash ROI above a 10-year treasury bond (once all costs are taken into account).I'm already heavily invested in other non-RE assets (stocks, bonds, etc.) so for me to go in on a property that needs rehab, management, etc., it better be worth the extra hassle.

They get sold a dream on a spreadsheet and then life happens and its not what was accounted for in the spreadsheet.Then there's those of us who make a solid effort to understand and visit the areas we invest.

Have any of you considered or do any of you put that money into a CD equal to the length of the lease so you can gain a significantly greater amount of interest on that money you will hold onto for the foreseeable future rather than letting it sit in a low yield savings account.

If you had four of them, it would put you at $466.65/mo for water/sewerYou should also take into account lawn maintenance. 

@Samuel Carmichael besides what @Brandon Ingegneri said about looking at absolute dollar amounts to figure out if it's even worth the aggravation, I also agree with @Michinori Kaneko about looking at percentages.Personally I look at percentages first, namely 1) cash on cash return (yearly money back after all expenses including mortgage, divided by all money invested to get it rentable) and 2) debt service coverage ratio (net income after operating expenses but before mortgage payment, divided by the mortgage payment).The first is (obviously) a measure of return, while the second is more of a measure of risk as it tells you how much of a buffer you have between the property's net income and the monthly fixed mortgage payment.After you get a little more experience you'll also start to factor things like replacement reserves into account.

Account ClosedHello Maria,I appreciate this information.

But each month I have to put in cash to account for all its expenses.

Originally posted by Account Closed:I charge a pet fee even if they say it's a service animal.