Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

It's a fantastic strategy to pay down debt.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

I'm also interested in self storage and I'm reading Paul Moore's book "Storing up profits" so I can continue learning.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Would you mind sharing the PM firm you decided to go with or are you self managing?

She's a total pro and keeps us posted all the time.You're in a great market and you have the advantage of self hosting.  

@Kenneth Hynes - Not sure of the cost in your part of the world- but in the Omaha area, refinishing hardwoods runs around $2.75/sft, including the stain and poly. 

Are you as good at MF or self-storage as you are at your business?

I think it would have been extra challenging in my case since I had a large low area that needed self leveling underlayment in addition to the rest of the floor that would have really benefited from the plywood underlayment, and I've been told it could be difficult to install the plywood over the SLU.