For example, Tenant B doesn't pay their share of rent, so Tenant A pays the entire amount to avoid late fees or an eviction. now Tenant B is forced to go after Tenant B and you may not find out until months later.

I have a limit of two free range critters.If you do decide to accept that one, I hope they charge a hefty pet fee!

Can pay a flat fee listing service... 

A late charge of 6% fee after 10 days.

Friend is willing to loan me the cash for full purchase price (for a fair fee).

Don't forget your closing costs on purchase and all your fee's when you sell.

The property currently cash flows me about $790 per month after debt service and all expenses and the property management fee.

Once I announced that I would require an application fee and run credit/criminal background checks, the calls dropped to a few a week.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

One podcast recently i listened to mentioned that he self manages all his properties to save on the PM fees, but he has some sort of policy with the local utilities that basically gives his tenants a 24hr number to call if something was to happen to say a frig or hvac... he even mentioned it covered a clogged toilet..I am curious what exactly is this such policy he is talking about, because the way he worded it, it sounded like he took most of the headache out of the job with this and he just worries about getting new tenants and collecting rent... he said the policy was cheaper than just keeping a handyman on call to do the repairs..