Here's how it would look (using round numbers for convenience).1.

Prior to that I was forcing the square peg of property management through the round hole of Quickbooks - adequate but definitely not ideal.RM is pretty robust so if starting from scratch the learning curve could be pretty intense.

They usually rent them out the entire ski season to the same renters from Manhattan and they tell me that the income covers their year round mortgage and maintenance costs.

My biggest or most unusual problems were: abandoned vehicles, a person escaped from a mental institution, tenants with pet rattlesnakes that escaped their container, a round trip visit to the dentist for a wisdom tooth removal, a one way bus ticket from Kansas to Georgia, cashing $25,000 worth of checks each week for a group of guys from out of state, etc.  

This past few years they added a few things to their inspection though...for instance every sink must have a stopper, so I buy a package of the rubber ones each go round 'just in case' .

It's in our leases that tenant is responsible for maintaining yards, but whenever we go down there (approx once a year or so), we bring an edger, Round-up, etc., and plan to weed and mulch all units' front beds as they never take care of the them, even if they mow the grass.  

I've run these numbers through my usual year-round monthly rental calculations and they just seem to out too positive, which makes me nervous. 

We have one more deal to do that will effectively wipe out all our business debt and start us on a new round of low-interest bank financing.Yesterday, going through the forums, I stumbled on a jerk who obviously enjoys putting people down, telling them they "have no clue," insisting they have no business doing what they're doing.

That could be the difference between a single-family home with one rent coming in or Triplex with three rounds coming in.

Is anyone going to the meet up on 11/27? This will be the first REI I’ll be attending. Pretty excited to see what is talked about there & looking forward to meeting new people.