Our PMS tracks all the incoming money in instances where we collect and must remit. 

Lastly, in this example, if you are only able to collect rents but have no equity on the property - that is worse for the investor than owning the property.

Advantages are we don’t have to furnish anything in the house and we collect the same amount of rent each month no matter how many members are in a house.

Just let the money live in the house and collect rent as the only ROI?

Even if you make all of your payments on time there are times when something happens by accident or a collection pops-up and drops the credit scores. 

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

They do not collect payments, but when you sell your home they will get some of your equity appreciation.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Are they still collecting rent and taking money that way, or are they billing you? 

Look into Baselane it’s designed specifically for real estate investors, You get automated rent collection, expense tracking, it makes it easier to manage properties, stay organized, and keep up with your finances.