.)- Cost (some services charge a nominal fee to process payments)- Ease with which payments can be reversed/chargedback by the tenant with some services (I’ve heard that this is fairly easy to do with some services, like PayPal)- Won’t work if your tenant doesn’t have a bank accountUltimately, I think the pros outweigh the cons and that electronic rent payments are a significant convenience for both the landlord and the tenant. 

That was the moment I decided I wanted to be in charge of my future, to be my own boss.

Over finishing, undiscovered issues, over charging contractors is exactly where much of the profit goes on bad or low equity investments. 

If your property manager charges a fee for late rent payments, do they keep it all?

Most will charge 10%.  

Then if they are, you could potentially make the deal work by doing a charge back to the tenants for utilities.

Donna Bauer has a great cours that is peanuts compared to what the expensive gurus charge and it will explain notes very well, as does Papersource University Online, good solid low cost education.Buying a performing note at the lowest price you can get it for is a good start on FCI, as they can service it for you and there is little work other than get paid back, unless they stop paying.

The topic " how much is knowledge worth" is one I've had many people asking why i havent charged a fee for my knowledge.

You'll have a hard time cash flowing (cash flow is not equal to $100/property, which is barely enough to cover unexpected expenses/vacancy) in the GTA because the market is over priced.

As such you are charged for using the land, regardless of the improvements you make to it.