The PM fee is meaningless, 

Check out Norada Capital with a simple no fees structure and 12-15% annual yield depending on how much you invest.  

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I am also trying to get my investment back so I can pay my Kids college Fee.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Quote from @Briley Roe:  yes those fees are very high as you have a broker fee and other fees for a loan little over $100k at 6+ points. 

Situation 2: You are paying for your brokers fee:In this situation the seller has declined to pay for a buyers broker fee.

No fees, no pre-pay.

Agent fee's etc. for cost of selling is a drop in the bucket compared to the returns. 

Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities,  unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.