The brother was fed up and needed to sell, but there was a significant issue.

Plumbers are about to wrap up.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

How messed up the other utilities are, how much has to get torn up and infrastructure done before any rebuilding can take place. 

Given the latter costs, a corporation can be the best solution only if you buy multiple properties.

Those that use PM's have pointed out that there is a cost factor of also having to manage your PM as well - following up behind them, making sure they are doing what they are supposed to be doing, etc.Hope it helps!

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

Sometimes the trailers I buy do still have titles on them, in which case we either have the seller cancel the title with the DMV before we close, or we have them sign the title into our name, and then we cancel the title ourselves.

Every market will vary due to labor costs.