The deal sounded good at the beginning but thought it included his fee and it didn't so he's tacking on his 20% on every bill. 

They don't require employment verification, income or tax returns.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

Can the landlord also collect attorney fees from the defaulting tenant?

The new buyer puts down 10% as the option fee, ($50,000 fee to our buyer) in this case, and we make the rate 10% to the new buyer for the monthly payment. 

We negotiated $10,000 off the finder's fee.

You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof). 

.💡 Tax AdvantagesThis is where my tax brain gets excited!

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

Fees seem high but could potentially be worth it.