Just a little terms cleanup, 5-10 is small multifamily.

When it does pay off they clean up the title if needed.You can also sell of a portion of a note or so many payments on the front end.

The property managers are gonna clean up, the rents will keep rising along with home prices.

However, for people such as myself and my neighbor, an elderly, retired woman living in a low-income neighborhood, we would be depleting capital otherwise used to support our living expenses.Has anyone in the BiggerPockets forum faced similar situations in the past? 

With one house, you don't have much basis for negotiating a lower fee.Tenant Screenings – includes complete criminal and creditEvictions – official tenant notification, processing, legal, etc.Tenant Prospecting – includes extensive and aggressive marketing campaignSection 8 – we can handle all aspects from specialized tenant marketing and required Section 8 property inspection coordinationGeneral Record Keeping – bill paying and monthly reportingOngoing Property Maintenance – handling of tenant maintenance requestsMonthly Rent Collection – direct deposit options availablePainting & Clean Up – as part of unit prep for tenant move out, move inLandscaping – grass cutting, snow removal, etc.Acquisition & Disposition ServicesConstruction ManagementFacilities ManagementProspective Tenant ShowingsTenant Move In/Move Out – includes initial walk through at lease signing to include checklists and photosLeases – signing, preparation, renewals, etc.State/Federal -lead based paint, renters insurance notifications,etc.Security Deposit – collection and/or management in trust accountPricing Opinions – bid reviews and 3rd party opinions for construction or renovation projects

One of them also brought down the electric which cost $1250 to reconnect, not including tree cleanup, running a generate, and unhappy tenants.  

She actually pays to get the sheriff out, change the locks, clean up and then $3500 to a lawyer to get a judgement that seems pointless.

Eventually this skimping to make a "deal" a "deal"  will catch up to you and deplete your reserves. #2 - Buying builders grade fixtures.  

Also your land cost is usually segregated and not taxed.Also validate your expenses or potential costs.Insurance, upkeep, capex set aside, tenant turnover both lost revenue and cleanup, property management, etc  

I think you're a little late to this game now.If you have a lot of money sitting in the bank, you may want to look into a loan program called "asset depletion."