And you are right, I did not account for a management fee since I am planning on managing the property myself.

I want to be able to figure out what a unit will rent for and from looking at numbers it seems the rental price is the biggest factor for ROI.

As it pertains to PM, you will want to factor in the cost of management whether you intend to manage the property yourself or not.

Rent is due on 1st, late on 5th, along with late fee. 

In addition to keeping the down payment will you be able to assess fees for the time and expense of him defaulting?

Is that a reasonable fee.

Show me:comps for pulling ARVsquare footage of the buildinghow many bedrooms/bathroomsa repair breakdown (70k might be a little or a lot)what money are you using - have you included lender's fee if you are borrowing any moneyhow long is average list time on a property in that areaI see that you have realtor costs at the end at 1%, which is doable, but I often find that you are then getting a realtor worth 1%.

Is the city allowed to make me get this license, pay all these fees even though I’m just a landlord?

Are there any fee associate with transferring funds between your banks?

The biggest factor though is making sure you have a great management team, and if you're buying from an actual turnkey company, make sure they do solid work.