@Peter MacKercher So I'm interested in learning the following:- Does a PM help choose tenants, manage applications, and screening?

Related to the contractor, or any service provider, I think it is important to choose quality and reliability over price.   

owner has not rented it out this semester due to do some rehab, actually did most of the bathrooms and they are in good shape, carpet is awful, needs paint, kitchen cabinets and better lighting. lower level apt needs gutted due to toilet leaking from above. here are the numbers:purchase price 330krents last semester avg=333/month, did not rent over summer, "I let them just leave their stuff til the next semester", my friend was seeing RED after this statement...expensesrents (if occupied at 333)=3663/monthtaxes 2200garbage =100 (actual quote from WM)water and sewage 525electrical=passed through to tenantPM=started looking, but quotes at 8-10%insurance= 300 (est.)planning on ripping carpet out and going with vinyl hardwood throughout, new cabinets in kitchen and paint, fix lighting and general clean up. plan to get rents up to 500-550 month, lease term 1 year. interviewed PM and he said they take one month's rent for placing a tenant, is this typical?

The paint department may also be able to help match the exact color.

You could also choose to use some funds to get brokers/realtors to kick you leads.. who wouldn't love some extra bucks for passing along infoIf you're looking to sell properties I'd have to say facebook works wonders for targeting people in a specific geographic area and I've had some real success with it for my business.

Generally a turn over should require paint and a few minor repairs.

Cons: my grandfather hack jobbed most repairs. leaking roof, stoop and porch need redone, lower unit kitchen needs complete remodel, 4-5 coats of paint on all walls, reoccurring mold in 1 bedroom and same bedroom needs insulation, upstairs unit you can hear anything and everything, all doors are original that came with the home, also have 4-5 coats of paint on them. small cockroach pest problem (not severe YET), Bathroom needs remodel and sewage lines need repair.

Cash flow, easy to rent, minor rehab work is fine think: ~$20-30k (painting, trim, minor things).

The paint is starting to chip and one piece actually fell off from being rotten.

I'm leaning more towards choosing a 100 percent commission brokerage.