The idea is to truly be an INVESTMENT manager instead of just a half assed “property manager” collecting rent.

They have been long-distance self-managing but it seems like they haven't been able to fully optimize the rental income. 

Rent collection is free only with the subscription, does credit building, great rental contract generator, site is very simple in design.

Without collecting some kind of fee I just don't see the value proposition here. 

I collect 10% gross cash flow on each.

@Alex Moazeni, one thing to think about is that in a situation like this you are unlikely to collect what you are owed unless the tenant finds a way to catch up. 1.

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, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Collect deposit?

Following that up with when you have the benefit of ownership of real property - it isn't until you actually have taken possession of the property.So then, the question comes, when that redemption period closes at the end of 12 months, does your holding period start with when you acquired the right to collect the delinquent taxes and interest?

If you'd like something free, you could create a Google form and text or email a link to your questionnaire for people to complete when you collect their contact info.~ Lindsey