@Pete HarperI would be manging the property myself for now so i didnt estimate that.I dont think i that i could get much more than $1600/Mo right now

Some people mange their LLCs improperly, creating the illusion of protection without actually having any. 

I would be an out of town investor so will need advice on whether to use a PM or try to mange from OOS with a reliable handyman?

I’m interested in Vanguard bc of low fees… I also like to have control if the market dips be able to sell right away since these brokerage houses once they mange your portfolio don’t put a trail stop on your portfolio.

@Belinda Mang It can be difficult sometimes to reach the Listing Agent in this competitive market to find out what the Seller's motivations are.

Hi @Matthew Patton, we mange many properties and many of those are exactly what you are describing. 

I will do all the planning, all the work, mange the project a 100 percent.

Management fees should depend on the property type.Class A is easier to manage, so gets the best rateClass B is a bit harder to mange, so gets slightly higher rateClass C can be a pain to mange, so gets higher rateClass D usually requires the attention of a DIY landlord to succeed.

Other homes would be expected to be in the $70,000 - $100,000 range for these same components with the balance of the mortgage held by a bank.Below are actual revenue, expense, and NOI numbers for this home which we would use as a model for further acquisitions.Property Management is high, it costs a bit to manage the placement of multiple tenants, handling of disputes, and collection of rents as well as mange the cleaners, landscapers, and handymen.The 2.5% for maintenance, and 5% for capital expenses would be variable but should not be much higher than 5%.

I own or mange for my kids 14 units in and about the Austin metro.