Most folks are charging 10% of the rental rate for monthly PM fees. 1 months rent for a leasing fee and couple hundred for a lease renewal.

Made a response to another post. 

The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.   

Have you looked up the properties in question?

is that it typically comes with higher rates on the first mortgage, if you're low income enough you might qualify for near free DPA but most DPA's open to all income brackets are typically at higher than market interest rates.

Quote from @Adam Bartomeo: Quote from @Jay Hinrichs: U also are fighting all the investor who flooded int to build new homes for rental purposes so OVER supply.. and we know a ton of those got stuck with bad builders and are being worked out so supply is going to keep coming in ..

The company I worked for even had a relationship with the property manager.

The subtract off selling costs which will get you to near what you paid for the property (which will net you a small amount after paying off the loan and the missed payments).Before investing in next RE 1) get you finances in order 2) build up adequate reserves 3) learn to analyze the numbers better.  

Of course, some of the potential tenants want flexible terms at start to get themselves set up in the space. 

Quote from @Andres Lasaga: I am in the process of selling a property to the tenant I have been renting the house for 4 years.I want to outsource the promissory note collections and reportsIt would be only ONE property, for now, any recommendation of a company that can manage the collections and reporting?