Yes, I use Venmo for all my new tenants, although I do have some older tenants that brought their own (Capitol One P2P, Chase QuickPay, etc).I like Venmo though because it's the fastest, and I can use their API to post the transactions to my rent-tracking app (less data entry).

I have taken quite a few courses to ensure that I understand the business and have determined that there's a lot of data required and it comes from many disparate sources which is very much like the jobs I undertook with the oil companies and banks.

I can confirm that every bit of information they provide is, in fact, legit MLS data.

As you expand your target market run the numbers on perspective properties using craigslist intel on rent rates, rent-o-meter and zillow also provide data points for rents on specific properties.  

@James StevensI currently work for a commercial contractor that installs low voltage voice, data, video and security systems.  

In fact, a number of threads here on BP served as the inspiration for me to start a property manager built on technology and data .  

There's some data to support it but the benefits are for those who have large portfolios and if you look at how most have created real wealth it's not through diversification, imo.

List source is a popular list data site. 

As I mentioned above, there is limited data available here in which to frame the numbers you did provide (the water/sewer alone could be another $5K/yr) and we know nothing of the economic vacancy, tenant population, asset condition/obsolescence, level of performance or room for improvement.You should be underwriting a property like this to (M)IRR (with a time horizon to your exit) and weight the cash component of the return based upon the nature of the property and its location.   

Here were some of my conclusions:Rent seems reasonableThe price is ~8% higher than the median home value in the area (I prefer homes in the 70%-100% of median range)Trailing 5-year average appreciation rate for this neighborhood has been 0.59%35%+ of the neighborhood rents (I like < 25%)Crime is not greatSchools are not greatLast tax assessment was $5,308 vs. the pro forma's $4,680Insurance might come in higher than the pro forma based on the neighborhood profileMy data suggests vacancy & turnover is an issue in this neighborhoodThis provider also offers a 1-year rent & maintenance guarantee, so their pro formas don't include allowances for vacancy or maintenance.