The PM should have it set up so it is all automated and other than checking rent is paid as are bills, there isn't too much to it and one person usually handles their accounting.

Quote from @Bill Hampton: @Anna TannerWelcome to Bigger Pockets.

Originally drafted to prevent landlords from using security deposits for cleaning or repairs, the bill was amended after opposition from the California Apartment Association (CAA).Landlords will now need to photograph rental units before tenants move in, at the end of the lease, and after repairs or cleaning.

Imagine costing yourself a $10,000 tax bill because you weren't working with the right professional. 

However, some investor's strategy is buy at a higher price for properties that have a high certainty of being redeemed for higher profits (eg properties that have a large mortgage that must have made clerical error...

It has passed it's housing inspection and the Midsouth Turnkey is footing the bill for the rent until the housing office starts paying.  

You need a plan for a $10k AC repair bill.

It is very common for one employee to not know what the other is doing;2) Fees:- Instead of requiring tenants to pay in one lump sum, they let them pay in chunks (which is very annoying as they will charge you $10 for each chunk payment your tenant make; that means you'll be charged $30-40 more per unit/month if they let them pay in 3-4 chunks);- Every bill they pay for you will cost you $10 (+$20-40 more per unit/month).

My rental income profit now pays for all my bills.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.