It also encourages me to keep the maintenance up because I get a bonus for a quick placement and I don't risk getting fired by the PM for maintaining my property poorly. 

You would be responsible for all other maintenance and upkeep of your home, including managing the cleaning crew.

Essentially, the cap rate is the proportion of Net Operating Income (NOI) to the property's value or selling price:Cap Rate = Net Operating Income (NOI)/Property ValueThis ratio offers a direct method to evaluate the yield a property generates in relation to its cost.For advanced real estate investors, integrating additional factors might prove beneficial:Vacancy rate: The duration the property remains vacant.Operating expenses percentage: Includes insurance, utilities, and maintenance costs (excludes mortgage payments, depreciation, or income taxes).The adjusted formula for net income, incorporating these considerations, is:Net Income=(100 − Operating Expenses %) ×(100 − Vacancy Rate %) × Gross Income

This means maintenance, evictions, repairs, and so on are all taken care of.The other option is to hire a leasing agent—this will cost between 50% and 100% of a month’s rent.

They make better money and don't require much maintenance.

so If it rents for $3,000 I take 30% of that out for taxes, insurance, maintenance, etc. 

We run a 53 acre ranch in the middle of Texas, and the stress of unexpected problems coming up with not enough time to resolve them (septic, water lines, other equipment malfunctions, adequate pool maintenance) between guests is too great.I'm aware there's money left on the table.

What is the best all-in-one property management software that includes tenant screening, applications, rent collection, maintenance requests, etc.? 

Deferred maintenance is something to really look into.

Don't know much about it other than the fact that it has about 1000 open grave sites and they also bring in revenue through digging and maintenance.