Leaks can be easy to fix or very costly to fix.  

Down payments are still standard for FHA or conventional (3.5% of the total cost, purchase+construction) and rates are on par with standard FHA rates. 

It's very intuitive and has key functions that I really needed like the ability to quickly categorize transactions into categories that sync with your Schedule E for tax time, the ability to set up accounts for each property and sub accounts for specific things related to each property.

Cash-on-cash returns are what remain after vacancy costs, mortgage, and expenses.

Plus there would be closing costs again.We are open minded about solutions. 

Corporate travel, divorce, etc. are other potential tenants.If costs in your market allow, I would encourage a duplex purchase vs SF...potentially 2 income streams vs 1 would help offset the extra cost of a duplex.  

Usually after walking through the property he is able to give me a good ball park figure of what the renovation should cost barring unforeseen issues.

I wanted to seek some advice and opinions from this community before making a decision.Do you think the management fee and the additional services provided justify the cost?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

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