I currently own 5 properties as belowCurrent residence: Bought for $637K, downpayment made-126K, current mortgage balance - 500KInvestment Property1: Bought for 175K, downpayment made - 65K, current mortgage balance - 105K, net rental cash per month after PITI+HOA fee payment = $445Investment Property2: Bought for 209K, downpayment made - 72K, current mortgage balance - 124K, net rental cash per month after PITI+HOA fee payment = $436Investment Property3: Bought for 217K, downpayment made - 70K, current mortgage balance - 0, net rental cash per month after PITI+HOA fee payment = $1137Investment Property4: Bought for 455K, downpayment made - 90K, current mortgage balance - 253K, net rental cash per month after PITI+HOA fee payment = $287I also have investments in ETFs worth around 250K.

I would be paying all cash so no financing involved.My issue is I wouldn't want to invest the time nor money (atty's fees, inspection, etc.) if they won't be able to give clear title. 

I also added in the 10% management fee.

.- No annual report- No Annual Fee- No state income tax (c corp filing for tax not s corp pass thru)My question is basically, will I need to file biennial in Indiana if i register as foreign entity in Indiana (I assume this would be necessary to have a rental property with income in that state)I am less worried about the fee's for registering, but more curious about ongoing maintenance.From my perspective, if i have to spend a bit more money to register as a foreign entity in Indiana, but I don't have to file each year, the extra cost would be worth it to keep this thing low maintenance.Any thoughts or suggestions welcome.Thanks!

Then you have a management fee (8-10 %), capex, maintenance, etc.

@Laura McPhail, if you are just starting out naked, so to speak with little to no education, you should read the stack of books about it first.

Those are tight margins.After paying mortgage, insurance, taxes, and HOA fees, you will probably have $100 or less remaining.

@Isiah Ferguson, you have to screen the co-signer as you would do with your potential tenants (fill out application form, pay application fees, credit report, background check, etc.). 

The topic " how much is knowledge worth" is one I've had many people asking why i havent charged a fee for my knowledge.

On a $66,000 commercial loan I was told by a lender that it would be $1500 for an appraisal, $3000 for an Attorney and 1.5% of the loan in fees.