In some areas PMs charge less than 10%, or less than a full month's rent for a tenant placement.

Two 20 year old newly weds/full time students, a Mom, a Sister, and 3 cats in a 3 bedroom condo. 

View report*This link comes directly from our calculators, based on information input by the member who posted.I have to wonder if this basement is full of water and why they arent showing bathrooms.

When your Dear Old Great Granma goes off to her Final Reward, she will typically leave behind a house chock full of mementos, from the basement to the rafters.

Once the rentals are free and clear then 1031 them into passive cash flowing 1031 compliant properties - either properties you buy with good management in place, or full or fractional NNN properties with strong commercial leases in place guaranteed by national tenants. 

Collectively, they're worth $1.3 million, all paid in full.

I'm not sure how I'd proceed though in gaining more properties down the road in a year or 2...Do you go full cash, get a mortgage, or some other strategy out there?

At the end of the next 2 years of of your wife's schooling you would have gained enough equity to pay off the car loan in full. 

This board is chock full of examples of Landlords that did it on their own and screwed up.

When I see a post like this, I immediately know the person posting it is totally full of crap.The obvious places to start looking to understand what rent you should be charging are rental websites.