Be prepared for a high rate/high fees 

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

It’s great for tracking payoffs and managing commissions or fees automatically while giving you a clear picture of your cash flow.For mortgage lenders, Lendesk is a solid choice.

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.

Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?

It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.

The AMC charges a fee on top of the appraisers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

There's also plenty of lenders who falsely represent the true capital requirements to originate their loans or are merely up front fee collectors. 

Assign a contract: This is where you get a property under contract and you "fee" that you collect at closing is for giving the end buyer the rights to execute on the contract.