Basically the only thing we didn't charge tenant for was painting, and we did charge paint fee if there was nicotine stained walls.

He is asking for 2% annual management fee and 25% of the profits over 8% annualized return.

Do you charge a late fee ?

Which will result in more closing fees. 

They paid for something else because they feel paying the landlord on time is unimportant, after all what can a landlord do except charge you a late fee, and most do not even do that.

Adding in the property management fees for an out of state owner and my Dallas experiment ended 6 years ago.... with that being said, those Dallas properties have finally had some appreciation. 

I would suggest you call a few brokers and see what kind of fees they charge and if they expect you to sell a certain amount of properties a month. 

You can also join COREE, there is a membership fee and it is part of the national REIA.

At that time, I take the application fee and use the transunion check system. 

I could care less if people "talk bad" about HOAs, I have no hidden agenda or incentive for people to buy in an HOA or not.