If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi? 

The bank stopped just short of requiring a colonoscopy and hired an incompetent attorney to draft the loan docs requiring unnecessary back and forth with the title company prior to funding the loan. 

Google "skip tracing" and hire a virtual assistant or call center to start dialing any property that last transacted for under a certain price point.

Back in the early 2000's.Most investors that hired me just Flipped them. 

I hired them to do cold calling for us.

Quick question about property management:In your opinion, is it better to hire a property manager (pay about 7-10%) for a company or use a software system to save money ? 

I set out to hire onsite managers.  

At times, I wish I hadn't even touched certain things as it cost me more to hire out a contractor to fix my mistakes, and other times I have saved myself a few hundred dollars on maintenance costs.

Or you can hire an attorney to represent you.

-I would need to hire a Real Estate Attorney to draft this unusual purchase contract, and that would be an extra cost.