Or do you plan on wholesaling and 4k is the fee?

The ACH transfers are slow but reliable.Cash: dangerous to handle that much cash, easy to lose, have stolenChecks: bounced check fees are a painPaypal and some other services: I have heard horror stories of accounts being frozen for weird reasons

If you factor in 8% PM, 10% vacancy including economic vacancy and capex/opex of 10% (5% each), your costs (still not including T&I) would come up an additional $2016, for a total of $8895 at 1.25M and $6969 at 900K 

There will be a rise of flat fee brokerages (offering limited services) and creative compensation arrangements, such as RE consultants for time or a specific transaction.

This is why management fees will be not subject to SE taxes. 

Fees are income deposits are not.

I read that it was a fairly simple bill that was mostly concentrating on Maximum occupants per bedroom and more or less a small fee to register in the system.

Also there is a management fee to pay for all of the above.

Regardless, you will likely be adjusting the expense base to reflect the tax reassessment (which you can obtain from the local county), insurance (from your insurance broker quote), property management fee, and usual repair/maintenance expenses/admin/advertising/contract services/utilities.

There are tax filings and yearly fees associated with them.