Context:Initial investment: 80% Me | 20% Mike Monthly expenses: 50% Me | 50% MikeMonthly cashflow: 50% Me | 50% MikeMike found the property, scheduled a tour, coordinated with agents and lenders, arranged the inspection, and will be the Property Manager for at least the first few years.

The credit union that is financing is ok with this arrangement.

The bank will arrange this all for you.

I then call the current tenant and make arrangements for the old tenant to come pick it up.The last time this happened the package wasn't out there when the current tenant said it would be.

They generally will paint and do minor remodeling, rearrange your furniture or supply new furniture delivered and set up, add artwork to the walls, arrange for professional photos, etc. 

So besides self-manage, what does a fair arrangement look like between an owner and a property manager? 

I most likely would meet on the east side of town, so if you guys are interested I would be happy to talk more and make some arrangements.

Geez lady, I literally just got here and I'm on the phone calling someone making arrangements to get it closed up.

I like the arrangement you have with the other agent/investor. 

I have several owners that I have a similar arrangement with.