I am sorry you got burned by a bad resident. 

What REALLY happens when a PM get paid % of rents, for incentive, is the PM is more incentivized to keep BAD tenants in place who are paying.

Over the past 15+ years in this business, i have seen the good, the bad, and the ugly. 

But as long as you're in the right area for the type of tenant you want to attract to its not that bad.

That said, 100% of the people renting from me are renting b/c the neighborhood elementary school is fantastic- and the neighborhood isn’t so bad either.

Most of these gurus haven't really invested in years, or they pay someone else to do it while they specialize in being a social media influencer and motivational speaker, so I share that frustration.

There have been so many changes to make people with bad credit look good they should be fine without this change. 

@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment. 

Like any investment, there are good and bad deals.

Look back and evaluate good moves, bad moves.