It's much easier to unwind a fee for service relationship than it is a partnership.  

Its normally fee service providers who are the greatest advocates of the program, whether it be agents, PM's, coaches/gurus. 

(Or more likely that balance plus every late fee, penalty, escrow shortages, and anything else the lender can declare owed.)

Also who pays servicing fees. if curious to learn more reach out. 

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

I had a local bank provide a 1031 without fees. 

If anything explain that there is a fee on top of a lifetime charge (which on its own is kind of weird), but okay. 

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

It wasn’t a massive deal—our expected assignment fee was $10,000—but when you’re growing a business, every opportunity matters.Everything seemed to be moving smoothly until the title search revealed a major roadblock: the mortgage discharge couldn’t be cleared because the person who needed to sign off was deceased.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?