Anyone new, I meet them in person at the house and collect the rent after showing it to them. 

As a managing partner, I manage the property and collect a management fee. 

lets say you collect $200 net profit after all bills are paid.

Does the seller overnight me the loan docs and I'm then responsible for setting up an acct w/ a servicer, handing them the loan docs to board the loan and making sure they start collecting the mortgage payments?

But you say "How lovely that would be" to be paid off and just collecting the rent, no stress.  

Bu hhek, I would be happy too if I could collect rent for all the lease, while the apt sat empty. 

This effort will not only help to alleviate individual financial stresses, but when repeated by many our collective voice becomes so loud we can't all be ignored.

NY made it illegal to collect anything more than a TOTAL of one month's rent as part of any move-in costs. 

Basically the message is that they are demanding that the governors of all states "freeze all rent, mortgage, and utility bill collection for 2 months, or face a rent strike". 

Here’s the update:We are reducing service fees to $999/loan for our Pro customers effective April 1st.We will rebate any fees collected over the past week in excess of that amount back to you as a credit on your next loan.