The most positive thing you should do is to learn how to save more, Partnership types and forming, raising funds that can help you make the down payments, and buying apartment complexes with at least 32 units so you van pay for property management to take care of the daily operations. 

As for the other tenant, we plan on having them sign our lease (they have been there for years, and are operating on a month-month status from the old owners lease) and also add that cost into their new lease with us.

Gm I am a looking to buy a mixed use building front has a no operational barbershop I am a barbershop owner.

FYI, I only operate in the state of Iowa.

What kind of services, operations, reports, bookkeeping is included in the PM fee? 

I create my operations manual and flow for all my processes with mind mapping. 

There is no one way and it depends also on how you choose to operate your business.Monthly rent...dependant on property, market drivenUtilities....specific to property and marketsinternet, cable....market drivenTenant or landlord costs.. market and landlord choice

It's another tool in your RE investing toolbox, and you need to learn how it complements the other tools you have and how to use it properly.Plus, you should separate your asset holding entity from the active operations/property management entity.

hey my name is cobi maimon I have been learning and educting myself over the last couple of months about real estate and feel like im ready to get started.I am moving to Scottsdale AZ in a couple of weeks and i am looking forward to start building my core team and get to know investors from the area as well.So I am planning to foucs on multi families to buy hold and rent and I would like to get some recommendations for excellent 1.mortgage banker2.insurance broker3.property manger  4.closing company5.realtor Thank you in advance for taking the time to help me out and good luck to all of us :)

They were each operating at the 1.2-1.4% rule.