But maybe there is something I have overlooked, would appreciate knowing the specific responsibilities of a PM so that I can compare.For me, I have been able to do the following without a PM,1) rent - auto deposit, so I do not need a PM2) emergency plumbing or electrical problems - tenants get immediate assistance from condo maintenance staff, it makes more sense for my tenants to contact the maintenance staff on site than to call me especially for emergencies.3) Repairs - I always insist that either my agent or my contractor does a walk through twice every year to make sure the apartment is in a reasonable condition and attend to any repairs.

And it's all on auto-pilot, removing the need to play the transfer game.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

How much debt is on the property.Personally, I like Huntsville because it has a strong jobs story with the auto sector having selected Huntsville for manufacturing.

If you start getting bigger than what you yourself can manage/oversee, then hire help in the form of another person(s) or look into a new and more elaborate property management system.I appreciate setting up auto-drafts for payments.

Start saving, put it on auto draft straight from your paycheck. 

The following are on their way from Amazon, I'll read them in some order:Landlording on Auto-PilotOutwitting the DevilThe ABCs of Real Estate Investing

I suggest setting-up your bank account to auto-pay your loans and then forget about them--pretend they don't exist--and start moving forward with your life now.

If you get an umbrella policy, it may be possible to list both the LLC and your personal names so it covers over both your new home, your autos, and the LLC property. 

All of the legal paper work was completed and the tenant is set up on auto-pay.