The lot itself is also big enough to put an ADU in the back and I have a contractor that says they will charge APX 120 per SQFT and pricing gets better with size so it really got me thinking this home for 500,000 isn't really a good deal though adding a 1200 SQFT Duplex in the back does allow me the ability to house hack it as well while cash flowing about 3,000 pure after everything is all said and done.My numbers are like this:Purchase: 485,000lender fees: 21,500Initial stabilazation: 120,000 gutting job on 1,000 SQFT of permitted and 700SQFT unpermitted space.

He charges me like $75 or so.

The ones Ive seen that claim to be free ask you to sign up for a trial membership which will then begin to charge you if you dont cancel.

He's charging you for all the legal jargon you can't understand that will force you back to his office when you get in a bind.The lease sold by BP is state approved.

If it is $1000, charge $550 for the room (assuming it is a 2 bedroom) and factor in average utilities.

It also states that there is a $500 "re-rent fee" charged to all tenants who have not completed their full term, or who do not give proper 30 days notice.

Agree with others that it completely depends on your criteria, and if you are charging an application fee those criteria should be clear and public. 

@Edwin DuranYou shouldn't have to increase the rents just because your real estate tax bill previously received a reduction and now the reduction is gone.You always charge the fair market value of the rental to the tenant.Best of luck

Was furnishing the property and charging a bit more for longer tenancy worth it?

Wedding venues in the area charge $5000/day for a Friday or Saturday, and are usually fully booked during wedding season (minimum of 2 bookings/week) May ~ October.I would be more than happy to send anyone interested the RE listing of the property, that includes a walkthrough video.