Yeah the plan is for her to do everything for the rentals, collecting rent, posting houeses for rent in Zillow, evicting tenants, tenant application, etc but I don't know if these would be enough for her to have spent 750 hours a year...

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

Board collected those funds and put them in Operating instead of Reserves.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Did you collect application/screening fees from all of them?

The owner of the unit is getting more revenue and has less risk (less risk of eviction, damages, collections, etc). 

They're better at collecting rent and charging late fees than most owners ever are. 

So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.  

They are intent on collecting money before there is any property cash flow and less interested in doing the job they are hired for.

Currently using Stessa for accounting, apartments.com for rent collection and document sharing.