You will have many more head aches with real estate, but its all part of the experience.

Another option to consider is ACH - many custodians and banks do not charge for this service.

If they take it then you have a healthy income for your first 12 months with a little head ache. 

I have been dealing with this house since last July. Scenario, I hope I am clear on what I am trying to convey,I purchased a house here in Houston and sent the contract to a local title company.The person who was livi...

The ACH deposit is right as rain on the 3rd.  

But, in most states, if you're not the owner then you can't manage it without a license.Trust Account: If your rent collection is not an online ACH/e-check transfer (which I highly recommend setting up for all properties -- from the tenant straight to the owner), then you cannot collect the rent without setting up your own trust account.

They usually want 10% of gross but to save the head aches it is worth it. 

Say the rate of interest is 3.92% annually and agree to a 30 year term, your monthly cash flow would be $331 and over the course of 30 years your $70,000 note would actually be $119,000 (a profit of $49,000 in interest).So if you include the $30,000 from the 30% down into the $49,000 you actually profited $79,000 over the course of the 30 years, and you no longer have the head ache of holding costs, vacancies, repairs, etc.

They also float their own cash for ACH transfers/etc which means they have $$ in the bank.2.

And offering solutions line an online payment portal, automated ACH, etc help keep the best tenants in your units.