In this case I think you owe a quarter to the jar.....

So I stopped in at my Credit Union and sure enough they offer me a better percentage rate (4.125 vs 4.375), no points and pay for the appraisal (saving me $545 in closing costs and a quarter of a percentage point). 

Now, if you do proper tenant screening and quarterly inspections yourself you should have a great cash flowing vehicle.

Solar tile roof - no competition.3)  4 quarters of profitability!   

This is what you generally get with a property manager:- a licensed professional who completes ongoing education and stays on top of new laws- Someone to handle all maintenance requests, complaints, tenant-tenant issues, and communications- A routine inspection ensuring the building is up to code- A quarterly report showing the life cycle of all assets, roof, bricks, windows, a/c, heating, etc.- Troubleshooting any maintenance issues or building upkeep, gathering estimates from multiple vendors when there is a larger repair to be made- Following up on all repairs & maintenance that was done to ensure it was handled properly

Coin or Card: Question: What appliance do you want to operate with quarters in the next 3-5 years? 

Have all repair work performed by your contractors and deduct the amount from the deposit or take the tennat to court to collect.Normally you would find damage during your quarterly inspections while the tenant is on lease, have the repairs done by a contractor and bill th etennat directly at that time.

Just read the newspaper and check the market stats once per quarter.

Whether the structure is better or worse depends on your investment needs.In this investment you will be receiving a fair return each quarter / month in the form of cash flow, but you are not going to share in the large chunk of appreciation when the property is sold.

We get a restitution check from prison for $25 every quarter, so about $100 per year - on a $3500 debt.