In either case we know our cash flow will be impacted by the management fee which I guess is the cost of doing business.I have had some introductory conversations with MemphisInvest which plays in the Memphis, Dallas and Houston markets.

But what they failed to mention is that they have a strict criteria for lending and most properties will not qualify for lending, and that their lending fees (which were not disclosed before the purchase of the program) are among the highest in the industry.

For each day you advertise but are not registered with the city you pay something like $200 per day.The reading I've done around removing RSO tenants is that it can be done under a few limited circumstances and there is a corresponding fee to be paid that depends on age, family size??

Is this "fee" taxable ?

Originally posted by @Bill Hamilton:Geez.

The HOA fees were the big deterrent.

I'm originally from New York but I am currently living in Philadelphia.

.- Reduced transfer fees since the corp could be transferred in possession of all properties, instead of 5 individual transfers. 

Originally posted by @Scott Schultz:electric is fine for Multi family, But in an SFR if you want your rent paid in winter put in a gas furnace, cost of electric heat is double $450/mo for electric vs $225/mo for gas for example,  as far as water heaters, the annual cost is about 1/3 more, but not a significant amount of money, as an annual cost to operate is around $350/year.

The association holds the quitclaim deed so I believe my monthly rent is going to the owed maintenance fees.