Collections is a big part of land lording, get use to it.

I have no need for the rent collection or tenant screening as this is a function my property manager does for me. 

But if you want access to the benefits that people like me have contributed to, and collectively spent decades and god knows how many millions of dollars building, why would you think you should get access to those items for free? 

So my decision is to let PM stay out of the collection process.

For rent collection, sending an invoice on the 20th greatly helps with getting paid on the 1st. 

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

There appear to be some new startups offering to pay up to 50% of the down payment on a house in exchange for around 35% stake in the house (they collect this upon sale).

These are points on my due diligence checklist, but they are very hard to vet and at the end of the day LPs put a degree of blind faith in GPs to keep their word.

That's enough cash to float the mortgage for 4 years without ever collecting a dime in rent.Yes, there is a growing trend that sub2 is a way to get into real estate with no money. 

The average tenant is very difficult to collect from depending on your state's laws.