My main concern is that you may have paid "too much" for your condo to begin with?

Among other concerns, many simply feel the fees of property management are too high.

My main concern is how long it takes to process deals after placing an offer.

At the end of the day, you're trying to hear their concerns and provide good service so they stay, and you can keep your turn costs down.

My one concern is the experience.

Not concerned at all.

I’m less concerned about the small items, and I focus on where big costs surprises can come up (new sewer lines, breaker upgrades, galvanized piping, etc) so I can re-trade my offer appropriately.

But if asset protection is a key concern, it’s worth discussing further with your attorney to find a balance that works for you.This has no income tax impact.

This approach helps them grasp the requirements in advance and provides an opportunity to address any concerns they may have.

Ideally I keep the relationship with the utility companies and then the tenants pay me their split.My two concerns though are that this is not legal and that tenants wouldn't be willing to do this sort of ad hoc split.