In my opinion the biggest thing you're paying for with a property manager is the experience, staying up to date on legal complaince, and having stuff in place already.If you decide to start self managing you're going to have to spend time up front to figure some stuff out (exactly how much I don't know) and periodically spend some time doing various stuff.The truth is, if you have a property where you have a great tenant, they pay on time, they never cause problems and stuff rarely breaks, management is very easy.

Have you already filed this year's taxes?

If they are paying out 5% rates to their customers to relend out they usually need at least 150 spread to make any money.CMBS and LIfe Insurance can be lower on the interest rates but you can get yield maintenance or defeasance which is very expensive if you want to break the loan early.

if its the owners of the home then yes, because what makes you think that they can pay rent when they could not pay their mortgage? 

If you end up starting your own business and getting out of your current job, you'll generally need to provide 2 years of self-employed tax returns to support your income.  

My goal is to pay off the loan within 5 to 10 years.I’ve spoken with a broker and received the following quotes.

My question is, can I pay my husband, who is not on the title,  as a property manager for his time cleaning and repairing a unit I own?     

Very poor credit.Truth is many gurus will say its easy to get HML, but if you have poor credit and a history of not being able to pay bills, why would a lender give someone money who already cannot pay bills and has zero real estate experience and zero money funds to do something they never did before and expect it to be successful?

If you call it a Holding Deposit, you can keep it as damages if the renter fails to meet certain obligations.I would not agree to hold the property until they pay the money in full. 

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.