So if you over 10 hours a month dealing with your rentals you actually will be saving money by hiring a PM. 

@TJ Woolum - save your money (many will be glad to take it), rather invest your time and energy  to connect with the right people!

You think working harder equals making more money.

While I will still lose money on it in the long run, I'm at least breaking even on it monthly and no longer have the headache of it. 

Is the question Do I ask my parents to look elsewhere because I want to make money?

While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

You probably don't run many applications, so I wouldn't sweat losing a little money on each one.

They need their own set for their requirements and not accept the ones in the FBI database - like WTF - what a money grab.

This way you learn and make a return on your money.

Either way, the property will cash flow like crazy once my unit is rented.I have enough capital to get into a bigger property with low money down and am seriously considering a triplex or fourplex for the next one.Here’s the issue: My lender (local bank) says I need to be fully moved out and have a lease in place before they’ll proceed with my loan.