If you want steady lower income go with annuals.

@Charlie MacPherson you are correct, they are capped at 3% annual appreciation.

Everyone you talk to, everywhere you go, strike up a conversation about what they they do for a living, that opens the door to talk about what you do for a living.Say, "If you know anyone who wants to invest in real estate but doesn't know how, or anyone who wants to make a 10% annual return on their money without having to do a thing, let me know.

If not, some people will say rip off the band aid and increase to market rent in one fell swoop, others will say do it in annual increments. 

I can give a breakdown of what we typically charge so it gives you something to bud up against the companies up north.Vacancy Fill: Flat Rate of $700Management Fee: 10% of rent roll2 Bi-Annual Inspections Per Property: $50Municipal Certification Fee Per Property: $75Thats it.One thing to vet carefully is the full fee schedule.

Or some of them on an annual lease?

Upon payoff I will be able to annually max my 401 19,500 a year because I wont be paying as much on the mortgage.I made extra payments from the day I bought the house.

I'm cheap (ahem, frugal) and I've been doing my own annual taxes.

Don't need to incur the costs to establish and annually administer unnecessary legal entities, don't need to incur various filing fee costs like CAs $800 franchise tax fee which would kill the profitability of most of my SFRs, I don't need to worry about my entities being pierced because of I failed to engage in a lot of meaningless formalities, keeps my overall record keeping and tax returns cleaner and less costly, don't need to deal with the growing trend in various states to disregard what are perceived to be ersatz legal entity protections, how many more do you need?

I haven't found the annual fee to be worthwhile in most cases.