It seems like the city just wants to have a record of the fence permit and of course : permit fees :)

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Met with area PM & reviewing fee structure, and wanted a "BP spotcheck" to see if these costs are reasonable.* Ongoing Maint Fee: 10% with min of $200/mo * Leases: new --> 1/2 of 1 months rent with min of $1,000 // re-lease -> $200* Maint/Service calls: normal business hours --> $50/1st hr, then $35/hr // Off hours --> $75/1st hr, then $50/hr. * Project Management: 20% of total charges with $200 min.

@Akshay Vig If you don't know the private lender well or at all, then one risk you should watch out for is that the person isn't even a real private lender and they try to collect some large up front fee and then you never hear from them again. 

I also listed it with VRBO.com which has been good for the in-between monthly rentals ( I find they typically book a weekend to 6 weeks stay)  but they do take a hefty fee when people book through them.

What if they raise a stink about your assignment fee. 

At the limits of what this society tolerates in membership fee avoidance are agents of the IRS.But what's far more interesting for me is what keeps the bulk of the population in line. not the tiny minority of criminals or major tax cheats.

Nothing exciting* Contacts - people that are in properties and or have been historically* Leases - term, amount, contact and the signed agreement* Files - closing docs, appraisals, insurance, etc. grouped by Property* Income - amount, date, property, attachments, category (rent vs lease option fee, etc)* Expenses - actual expenses, date, property, attachments (mortgage, capex, maintenance, turn, etc.)* Reserves - savings from each rent payment for future expensesIf you wanted to use more like a PM, you could set up an online form for tenants to input requests and include attachments and track maintenance through it.Hope that helps.PS - I still use Excel for projections/modeling

The main concerns are high relative NJ taxes and HOA fees.

Find one who likes speed of money more than deals that drag on, even if they get more interest/fees that way.