Cricket, you point 1 & 2 are covered by property insurance. Since OP bought the house for $350k, his monthly property tax should be around $300. $300/month seems high for property management. Ive seen them around $100/month. 3% for improvement seems high. It’s a rental, not a primary residence. I don’t even spend that much on my primary. Keep in mind that 3&4 are deductible and so is home insurance.