When we review what is RICO charges.... 

Investigate what (if any) additional fees that they charge for handling evictions, and find out whether they go to small-claims themselves, or hire an attorney.

I would reach out to experienced PMs, landlords, and realtors in your area to see what others are charging.

For example: This month they charged a full month for tenant placement fee then, the same month, they charge a PM fee.

Private mortgage insurance i believe is not charged on va loans.  

We do charge a pet fee, and it has helped with any extra costs a pet guest has incurred. 

They keep any profits above 12% and it appears they charge about a 2% fee plus a couple other nonsense items (based on my very brief skimming through some info). 

And they will likely move you to a new city frequently. 

What @Mackaylee Beach said....at least have this guy fill out an application and check his background (and charge accordingly).

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol