Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

Keep in mind you will also likey be paying transfer taxes on assessed value of the property in order to complete the transfer even if transferred for a $1 or a "nominal amount".

In practice it just means not nominal consideration (what they used to refer to as a "peppercorn" consideration) but something real.  

The remaining income is then transferred monthly to your nominated bank account.

You would have to pay recording fees which are pretty nominal.

These are often either free or have a small membership fee or a nominal cost and you can meet great people and often source some great deals and get the names of good connections at these types of meetings.

You'd just be throwing good money after bad trying to collect a nominal amount like $12k from someone like this.

Long story short, you have a credit card for of $10,000 - the CC company then forwards you the money in a check at a nominal cost of ~3% of the total amount (ex: $300 on top of the $10,000).

Does your PM have someone that can walk the property with your realtor for a nominal fee?

No min balance.