This means around the 1st of the year there is a temporary boom of unqualified renters entering the market and to make matters worse the temperature normally drops tremendously which increases the danger of frozen pipes or high utility bills (choose one or the other) insurance agents tend to frown upon vacancies... 

Mortgage, insurance, taxes and lawn services are $1370.

. $1,500 rent - $120 vacancy (1 month/year) - $70 insurance (guess) - $280 taxes (assuming 1.75% city/county) - $150 maintenance ( guessing 10%) -  $150 management (10%) - $780 mortgage interest and principal (20% down and 4.5%) = -$50   NEGATIVE CASH FLOW!!!!!!. 

I'm looking for a cleaner to help with turnovers who prices fairly AND is insured and can provide proof of insurance... having issues finding someone that fits both of those categories. 

Hidden fees are E&O insurance, Desk Fees, etc. can be avoided by asking those questions. 

You also need to think about other expenses and make sure you can afford the property taxes and insurance that come with owning a property.

Think why an owner would bother dealing with someone to collect 11% when they could put it in the bank and get 10% that is insured by the government in your hypothetical situation. 

Make sure the insurance on the place is paid up.

Especially since you can do a 4-plex, live in one with only 3.5% down (or something crazy) and NOT have Mortgage Insurance.

Looking for recommendation for insurance Agent in the area.