Quote from @Scott Mac: iPhone (Even though I miss the candy bar phones). my first mobile phone was one of those in a case :)  Also in our day with note collections borrowers would send in their check along with the payment book..

In any market, you need to analyze median income, and crime, and that will help predict where you will have more challenges collecting rent.Every city has their challenges with vacancy.

Best way for collecting rent, security deposit, etc. with 1 property.

In return for this convenience and my extra work in collections I raised the rent slightly.Example: Current rent then was 1400/month.We agreed to $370/per week.

How much are you still collecting from the tenant?

So Costco has a new blanket/comforter in stock. https://www.costco.com/seasons-collection-down-alternative-b...Seasons Collection Down Alternative blanket.

You aren't going to take someone to small claims court for damaged paint or anything, and if a major loss occurs the tenants are almost never collectable anyways. 

It's just a way for the city to collect more money, total scam.

(Most likely considering adding a 7 year ballon.)Do you suggest letting a loan servicing company handle payment collection/escrow/insurance or are you all handling those pieces?

First is experience handling property management, are they themselves investors, processes for handling maintenance, evictions, collects, and then maybe the fees and pricing (commission, lease fee, release fee, inspection fees, and all of the other garbage fees most PM's make up).