I think you'll spend a ton of time chasing a deal that never pans out.

Lenders are too preoccupied chasing people who do not pay their mortgages, so borrowers that apply asset protection techniques are an afterthought.

@Chase A. - I have a finance degree, but my real estate education started at the job.

National lenders such as Wells Fargo, Citi bank, chase etc always post rates online as well.

If there are late fees charged to a tenant, you should be splitting them with the PM - after all, they do the work of chasing up those payments - but they shouldn't be pocketing the whole amount because that could incentivize lax rent collection practices. 

I checked online, it seems Chase does not have Echeck account.For example, what if I enter someone's bank account number and routing number, this web can withdraw the fund?

More chasing is involved to ensure common areas (bathrooms, kitchens, living rooms) get cleaned (our you engage a service and bake it into the rent) ... and you are in the middle of any housemate drama.  

Views vary on chasing tenants or retaining deposits.

I've been on this road of chasing my dream of flying airplanes since I was young kid and I was recently able to accomplish that ultimate goal just a few years ago even though I've spent over a decade in the industry itself.

Decline service requests that should be tenant responsibility.Don't chase money.