Ashish, this is so helpful, thank you for sharing!

I did ask a couple questions above to try and understand why his profit is so low, but he never responded.

Given that most parents are getting their kid an SSN to claim them on their tax returns, this is usually fraud.FOR VORs we pull PRD to validate who the real owner is. So

Auction buying is a risk just is.. So

They're the ones working with those agencies on a regular basis and have the best referrals.As far as recovering the debt, try leveling with the tenant as much as possible so they grasp the seriousness of being sent to collections.

This is so my premiums don’t go up or I don’t get cancelled.

I found similar patterns between all 5 companies: namely, they had taken on too many units, were over-charging me for things I didn't need, and weren't handling issues correctly (they would send out vendors who didn't know what they were doing, mis-diagnose issues etc.)No disrespect to the PMs on this chain or BP in general, but any third-party manager won't perform exactly the way you would like them to simply because of the constraints they are faced with as far as having so many units and owners to keep tabs on. 

I already have money left in the property and hesitant on sinking anymore in.  .If there isn't much equity, and there is so much to fix to make it livable, why not do a "deed in lieu" with your lender and move on with life?

so my question is how much profit should you look for in a rental property as a rule of thumb as far as in gross rent over mortgage

If the agent you work with is not familiar make sure the lender is, so you have someone who can confidently navigate this path for you.