You can do way better than any middleman PM that is just doing a job.

The short answer is being a middleman between a buyer and seller and you keep the difference in price.

Price to rent ration of 2%2.

Quote from @Rafael Ro: Quote from @Drew Sygit: Quote from @Rafael Ro: There is actually a big difference.The reason is that you cut out the middleman and their margin.

All tenant issues would still come directly to me via text/email/call and I can be the middle man to broker the communication with handyman/repairs/etc.I have handled issues remotely before in the past while on vacation for a few weeks (pipe burst, sink clogs, broken appliances, etc.)

Perhaps this view is influenced by the fact that the broker as middleman or agent is cut out from the vast majority of subject to transactions.  

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

Disclaimer that I am not licensed in OH to give you any formal advice but I don't believe the seller has any say in the matter here regarding your EMD... this is the literal point of having a third party middle-man (escrow) in the mix. 

As long as its rational and both parties are level headed im sure you will figure it out. 

With real estate, you have to make sure each property is functioning at full capacity or you’ll be losing money.You can analyze properties and be pretty sure (as long as you don't rationalize bad deals into good ones) what your numbers will be.