It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I understand the concept of the Cap rate as a factor in the asking price and NOI.

@Steve Ford fees like "points" are really "regulatory"...they are more "market conditioned" based. 

I could sell the property on the market but I think after fees and taxes, I would be at a loss.

There were some code violations from a car hitting the house and other neglected maintenance that we inherited when we bought the property, although the bank paid off the fees up to the date of sale.

2) If I neglect fees/charges/this out of line $6k charge what happens?

@Michael Smythe: The basic plan has an 8% fee. 

This includes mortgage payments, property taxes, insurance, maintenance costs, and property management fees.

I have been leaning more towards the inland cities anyway simply because of the risk of damage factor.

I don't see 1 or 2 properties through the property management company a problem, but I do see it down the line if I continue to buy in the region where management fees from these property management company is now a fortune.