It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

@Dexter Markes I have not used lending one but they are a private lender with rates well above what a bank would charge.

My bank charges me interest based on prime rate plus 0.5%.

Do you feel like giving it a name promotes an emotional attachment to a property?

You can also charge back electricity generated from the PV and act as the utility/energy provider.

Start the eviction process and don’t get emotional.

. $500k won't buy you much in San Fran but is a pretty healthy budget in Jax.One smaller factor is that Duval county doesn't charge impact fees on new construction (and is the only county in Florida that does not) which is great for developers but not so great when there's no money for maintaining our schools.https://www.jacksonville.com/news/20190423/duval-voters-to-decide-on-proposed-sales-tax-referendum-to-pay-for-replacing-repairing-renovating-schoolsAlso this isn't Florida or Jacksonville specific, but in times when the stock market is particularly volatile real estate investing becomes more appealing even with lower returns.Personally as an investor I find all this out-of-town investing a bit annoying (increased competition and increased prices) and am concerned that these properties potentially aren't well maintained.

Why are they charging so much???

I would tell the lender what you plan to charge for rent and you might even provide some info about what rents go for in that area so they can see you're not just making up numbers.

Property management companies are asking extra charge for initial setup2.