A property is placed in service when it is available and able to be rented, and you have in some way advertised it for rent. 

What's a reasonable amount of time for a property management to tour, provide quotes, and get a property advertised for rent after a tenant moves out?

They all should be prosecuted (they are already outlawed).- The same deal advertised with 10 different pricesWholesale deals should NOT be advertised to the public.

10k units and billions under management seems to be a common theme today with some of the other syndicators we see advertising today yet their past projects are failing.. kick the can down the road big time.

Sorry, i posted with my email to help but it was deleted by a moderator and told that i cannot advertise my services.Not sure how i can help you out without breaking the rules here. 

And then there is accounting, invoicing, marketing and advertising, legal expenses, liability, insurance...Oh yes, and ideally you want to maintain a decent profit margin on top of all that.

I would also check Zillow so you can scroll through pictures and see what the conditions of each unit being advertised are.

Seems a bit more difficult to list rooms as opposed to a whole house, but I guess I could advertise elsewhere and invite the applicants to Apartments.com to apply.

Assuming CoGs and G&A are zero...Revenue (rents) - operating expenses (Advertising + Auto & Travel + Cleaning and maintenance + Insurance + Legal + Repairs + Supplies + Taxes + Utilities + Mortgage interest + depreciation = Gross Margin (also your EBITD) ** Include interest and depreciation here?

You will need to learn about the local laws, advertise, background check applicants, meet them for showings, answer questions, get a good lease, answer the phone at any time, arrange for repairs, do inspections, manage finances, manage an LLC, and more.