I now recommend having them sign a contract saying they will communicate status once a month with distributions (even if status hasnt changed) and hiring a company with an internal maintenance person so as to avoid paying excessive maintenance fees for routine things.

The Net Sale Price is computed by taking your Gross Sale Price and subtracting your routine selling expenses like broker's commission, escrow fee or closing attorney fee, title insurance charges, recording fees, documentary transfer tax, exchange fee, etc.  

She would take her Gross Sale Price of $190,000 and subtract her "routine selling expenses" (not all closing costs) such as real estate agent's commission, documentary transfer tax, recording fees, escrow fees, title insurance charges, exchange fees, etc., but not any lender related pay-off expenses or operating expenses such as prorated property taxes, prorated rents, HOA fees, etc., which would give her the Net Sale Price. 

I routinely tell people the two figures.

He preceeded to tell me he just got done with a wholesaling course and that the instructor (who licensed a well known real estate investor whom does not even deal with residential properties) told him that he can routinely obtain houses in a short sale platform where he can make tons of money by offering properties to wholesalers at 50 cents on the dollar.

I have several properties that need routine maintenance, so looking to work with a company/someone that would be professional, quick, and interested in giving a discount for multiple properties.

Marketing and advertising your property: Through long experience, a property manager will know exactly where to market your property and how to craft compelling advertising materials.Finding the right tenants: Experienced property managers are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.Managing tenants: The property manager will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.Managing vendor relationships: Property management companies have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it's almost impossible for an independent landlord to duplicate.Ensuring that you're in compliance with regulations and property laws: There are a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property.

Hoping to get a reputable property management company to manage the property while providing me with routine updates.

If you don't know what direction to go you'll never get there.4) Develop a routine.  

My thoughts:1 - add early termination to lease.2 - there needs to be routine communications3 - digital locks over keyed locks (IMO the era of keys is over)Glad you landed on your feet!