Don't over think this, pull the trigger actions create results. 

North side Chicago I have never even had to give a tenant a late fee and none of the tenants I have placed for clients have ever given them issues either, properly picked people pay like clockwork on autopay.

The tenants are not pulling/spraying weeds around their building, so it takes me about 30 minutes every month to pull weeds and spray.

Syndicated deals can be opaque, with high fees and limited control for passive investors.

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?

I guess it's just too many factors to consider and it easy to get overwhelmed and cannot get accurate info and estimation when I conduct analysis (ex. property tax rate, insurance, maintenance fee, rent, repair, closing cost, etc.) 

For cost efficiency, consider using a flat-fee attorney.

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

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