I also have access to Buildium through my PM, so I can see not only who has paid before those rents are kicked over to me, but I can see any repairs done during the month as well as as print out any P&L statements for each property.  

If the $1000 includes Open House signs, 3 months monthly fee, business cards, website, key access, a lockbox, training program so on and so on, then I can see why.

Then I became a pro member mostly to gain access to the BP calculator's (if you attend a webinar you might receive a discount code for the pro membership at the end).

Bigger Pockets is the one stop shop for real estate investing.

I keep telling  him to stop and he says dont worry about it, you wont owe us anything, we just love the house.

Then my family decided it was time to stop moving and settle down.

I ran into this same problem in Europe when I rented to a relative and she stopped paying rent.

Most importantly we don't want my tenants to feel unsafe, #2 if there is any funny business going on we want to put a stop to it quickly.

@Mike Loy, As a realtor you qualify for a Solo 401k, which has many advantages over self-directed IRA, here are few:Contribute 10X more than into an IRA (up to $61,000 per year per participant)Access up to $50,000 from your retirement account tax-free and penalties-free at any time prior to retirement via participant loan featureExempt from UDFI tax on leveraged real estateInvest tax-free using Roth 401k sub-accountCheckbook control without use of an LLC Custodian is not required = no custodian, transaction or asset based feesYou can read it in more details here:https://www.biggerpockets.com/blogs/2810/21298-sol...The bottom line is that if you qualify for Solo 401k - it would be way better than an IRA.

Convienant access to major job centers and a much lower price point than suburbs directly to the south make it very attractive to renters and great for cash flow.