Quote from @Collin Hays: From a macro standpoint, cash flow is difficult when servicing debt, at least in the early years. 

I've been in your situation and nothing can prepare you for losing a parent.

Shared living quarter rental, Military or Civil service rental.  

@Kathy Fettke You're doing a great service by providing solid information.

I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.

You can be an agent, property manager, service provider, etc. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Many banks securitize their loans (bundle them together) and sell the loans to Fannie Mae or Freddie Mac, while continuing to service the loans, that is collect your payment.

Amazing that this is the only business in America where you are providing a service for free at the moment.

Of course, these properties are full of challenges so be prepared before you start.