By doing that strategy, we could pocket about 1/2 the monthly rent as profit - and that included allowing for a maintenance reserve.  

@Ivan Alvarado Check if the PM has multiple cleaning crews, takes care of laundry/linens, restocking bathroom items, property maintenance, etc.I'd recommend you ask them open ended questions and pay close attention to their responses.

Running both of those numbers out annually you end up grossing $18,404.40 left to cover property taxes, insurance, maintenance, and saving for cap ex. 

Here’s the monthly income and expenses:Unit 1 (1/1) - $800 (Yearly Lease, legacy from purchase)Unit 2 (2/1) - $1200 (6-Month Lease)Unit 3 (1/1) - $900 (Yearly Lease, up from $700 at purchase) Total Income - $2900Mortgage P&I - $1076Homeowner's - $157PMI - $182Property Taxes - $183Water - $86Internet - $60 (needed for security cameras)Gas - $103Garbage - $42Landscaping - $47Total Expenses - $1922Cash Flow - $978Going forward, I’ll be using a cash reserve to handle any vacancy, CapEx, and maintenance costs.

Also, if you plan on renting just be sure you're set up for when the homes will need maintenance and/or repairs.

My insurance agent emailed me asking for an answer to this question -"Verify who is responsible for the management, care and maintenance of the property and how often are you or property manager is onsite .

Another option could be lowering rent a bit but putting an additional responsibility on the tenant, such as lawn maintenance or a bill that you would normally cover.Good luck!

Routine maintenance doesn't seem difficult.

Such services should include: - Creating enticing market listings and ads promoting the property at its best for high demand - Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment - Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

I kept out about $500 of $1700 for the maintenance she was required to do in the lease and did not.