I would hate to just walk away from someone willing to invest but at the same time don't want to be doing all the work for nothing. typically this is where folks get confused with your great idea and their money and your idea or work is worth more than the money.but to be fair and balance you should at least get a management fee for on going services.. but its not uncommon to have first money out go to the money.. after all there would never be any deal with out the money and those with the money can just do it themselves and hire a PM.. 

An outgoing PM ( she was getting out of the PM business ) allowed this to happen with the tenant and didn’t correct it so when the in-coming PM took over I found out it was common business.

Our outgoing for utilities, mortgage, insurance, cap ex, etc ranges from $1500 to $1800 per month so we're cash flowing comfortably.The next part is the financing.  

The landlord is responsible for the common parts and external and structural repairs but there is a service charge to cover all outgoings.

When I was first starting out, going to these meetings (and a lot of these meetings) consistently was game changing for me.

For some period of time it's just ongoing outgoing checks. 

The cashflow numbers (subsidize of outgoing rental checks) could be ok.Interstate we'd be looking at Turnkey and the BRRR strategy as it is commonly referred to here.

Now they are on title.And they sell on a "wrap around mortgage" for a cash flow of the difference of the Private 1st Mortgage and the Wrap.Example:100K house FMV, bought at a discount all cash for $80K, payment outgoing $613.98 6.5% PITIPayment incoming $100K note 30 years $949.18 9,5% PITIYou make the difference in cashflow. 

Contact your utility company they should have a form you can download, fill in and fax back, or simply fill in online,, otherwise the tenant signs the form I download,, and I give copy to tenant, then fax back to power company a week before move in and also submit the stop order for outgoing tenant.. with move out date..Tenants are required to maintain service until the end of lease,, 

Hey @Josh SabourinOne thing I know for certain is that outgoing rent payments will never accumulate into wealth (at least for the tenant, that is haha).