Did I overpay on my rental?
Hello everyone,
Recently I purchased a 3/2 single family in the Midwest where I am stationed. My plan is to rent the home out once I PCS to a new duty station. A fair rental price in my market is $1200-$1300/month, however, homes of similar size in my market are typically not renovated (mines is). PMI comes out to $800 and that doesn't account for a property manager, cap ex or repairs. How can I improve my situation? Should I attempt self managing to save on that ten percent? Please help!!