Most who respond recommend creative financing....seller financing, sub to etc. or using highly levered hard money debt. 

Or do they leverage debt, and use the subsidies to cover the equity needed?

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

You can lead a horse to water but you can't make the horse learn math.

He teaches/leads the discussions. 

You can create your own methods and one stop shop by creating your own leads.

*Have a USP right of the bat to convert leads*Have a huge/constant flow of leads from investors, sellers, partners, etc.If I was doing it for houses, I'd do the same thing, just work on the leads.

(This option would would not carry any debt, all debt would be paid in cash)Or keep our current house, rent it out, and cash flow NET monthly about $1,500?

How many contacts/leads are resulting from this?

Is there debt on the property or are you doing all cash?