Profits margins normally depend on the price of property you're dealing with, which corresponds to your market.

If you're buying directly from the listing agent, you could try to get him to take just half the commission and reduce the price correspondingly.

But agricultural zoning can be AG-5, AG10, AG-20, with the number behind the ag corresponding to the number of acres needed for a single family home.

@Anthony Wick   and @Steve B your correspondence to each other helped me learn something new. 

Even with a PM you can take it to the point of micromanaging every single detail (which I had to do for a short period when things got really bad before I fired them), all the way to never corresponding with your PM and just collect your monthly deposits in your bank.

Jackson I followed up with you on BP and by phone and never received any return correspondence.

There is software that you can buy to be able to track all the correspondence between you and tenant.  

I still have all the emails and correspondence to prove everything.

I borrow from my commercial bank on new construction at 7 apr... so this at roughly 10 and in a state I don't live in  was pretty good I thought I signed up to be a correspondant with them..

If you have a written lease - and you should - then the payment will correspond to how much the lease says you are collecting, on the date you are collecting.