My management company charges 10% of gross rents, but there are also trip charges and other fees (some to cover charges by the city that we pay). 

I just got a new job and since I have one week in between my jobs, I thought I head out to Texas to visit my friends in San Antonio and Austin.  I have never been to San Antonio.  It would be nice to meet some local f...

The hidden costs are in the turnover, eviction, non-payment of rent, damage, numerous trips to the property, etc...   

Sort of like starting a trip with a full tank of gas...it gives you a better idea of how far you can go before you even start!  

In Georgia, a seller who owns his property free and clear maybe has to sign a half dozen pieces of paper and then sit around for an extra hour or more while the buyer signs the dozens of legal documents.On the other hand, signing in advance of your buyer also means that you have to make a return trip to the closing atty's office to pick up a check, or wait a couple days for a direct deposit.

Made several trips from MD and we are starting to build a network of contacts there too.Good Luck.Dara

My wife and I are making a trip down to Tampa Fl to look at some properties in that price range but I have a feeling that they are going to be in rough areas.

I just recently took a trip to Toronto for the first time and really like the area.  

You're running two sets of books (legally) your auto expense for example off sets those trips allocated to commissions.

A couple of trips to your local dollar general store for cleaning supplies on the cheap and lots of elbow grease will make a huge and profitable difference.