Customers "pay" the expenses of all businesses but most businesses are smart enough not to rub their customers noses in it ;)   LLing seems to be one of the only business models where what your customer thinks of you  does not seem to matter. 

@Katie Jewell 10k is not a small amount of money so I can't imagine a collection company turning their nose up at that.

Hi Dylan,You could go to W2 work for a year for an industry biggie, such as Greystar or Pinnacle (market rate properties) in Texas, (or where you are at now), for a year as a leasing agent and (boots on the ground) learn how to lease units, as well as get an understanding of how to be a first class property manager Learn things such as, how to handle maintenance, reports, people skills, evictions, cash flows, unit turns, problem residents, borderline qualifiers, flag flyers, parking disputes, physical confrontations, arguments, personal safety, etc....That would chunk out your 1st year requirement as well as put some money in your pocket while doing it.And if the economy nose dives, ride it out on the W2.Just my 2 cents.

Significant value-add upside was available as the prior ownership group was a fractured partnership.

The ears and the nose will tell you all you need.But what if they live out of town/out of state? 

You'll pay out the nose but some booming areas are Gordon Square, Ohio City, Tremont and Edgewater.

Neither appreciation nor depreciation has much effect on the process.The best part is that you have little competition because the vast majority of investors look down their noses at ‘trailers’ and really don’t know how to monetize this lucrative niche.After 20 years of being in the business I’ve learned a little :)

Just keep your nose down and keep working.

Does anyone have and would they mind sending me a lease agreement for Baltimore City Md that I could use so I dont habe to pay out the nose for an agreement.

If you get involved, it will be a time sink and you will get called every time someone gets their nose out of joint.