They already have high fees and property taxes, and there has been a fairly large exodus of population and businesses.   

This is my first post and I’m looking to acquire a 16 unit apartment complex in El Reno, Oklahoma.I‘m located in Seattle, WA so I‘ll need a very reputable and trust worthy professional property management firm.Any ideas on fees, I‘m thinking 7-8% of gross rents?

Guess it doesn't hurt, but I thought that was something we only factor in for 5 or more.  

The fees are reasonable no worse than other get rich quick seminars. 

My first property in Cincinatti cash flows for $495/month NOI after monthly HOA fees & property management are subtracted.

Sometimes the landlord was sympathetic, and realized a painful eviction was coming...sometimes the Soldier moved out and paid a hefty fee to break the lease.  

But you can at least save the PM fee by managing yourself since you live there.

Just to throw out a property for example:100k Purchase price10k in repairs130k ARV1300/month rent1313/yr taxes550/yr flood insurance est800/yr insurance est10% management fee...

I was a little surprised how much the operating costs really are when I try and project what I'll need in 10 years to not have to pay out of pocket for big expenses plus the basic outflow (lawn, lic fees, termite inspections, insurance, taxes...)Here's my question, the property nets 1500 per month after I pull everything out.

Final approval will ultimately be up to the investor.There are other/additional factors as well.