In addition, you may have one after a year or more of the policy being established.

Once you get established and comfortable with the property, you can throw additional money at the mortgage each month and have the same effect as a 15-Year Loan. 

I have a prospective renter who wants a 6 months lease but is willing to pay $150 over my asking price and a full months pet deposit in addition to the full months security deposit.The problem is he has no credit score.

Additionally, since the $86,000 is being allocated to multiple projects around the property, the units will not be fully renovated but the rent be at market value.

I want to minimize the risk and still make some money in the end regardless of my end decision.

These are professionals with additional training and a stricter code of ethics.

Estate Taxes.With the proper structuring, your dad can ensure his real estate passes to you with minimal tax impact.

They charge me a flat 6% of the gross collected rent with no additional fees such as what you've listed in your post; with the exception that I reimburse them for advertising when there's a vacancy.

I guess I was thinking that I wanted to have all my ducks in a row, so I can minimize holding costs as much as possible. 

Stanley was fascinated by the different ways women get rich as opposed to the ways that men get rich.He believed that his research into millionaire women allowed him to separate them into two distinct groups, with minimal overlap -- women who got rich because they came from stable households that prepared them to become successful with money, and women from very different, unstable households who got rich in spite of the odds.