I have yet to have one late charge added to a tenant.   

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

My concern with declining values, increased inventory and a weaker economy would lower rental income and could potentially put me into a negative cash flow situation.

A genuine question here for you, who are you working with right now and how much are they charging you in fee?

I would never form an entity with them when I can do it online with a firm that charges a fraction of what they charge).

Wonder what they charge developers to access their capital resources.   

Housing prices are high, mortgage rates are high, and competition is fierce so revenue is way downIt’s one thing if you bought a while back like many of us did, so your cost basis is much lower.

Some of the larger companies will take them, but they often charge a fee.

Whats making you think rates wont go down after a couple years given the new administration in charge?

My cleaners take a video after every turn, my team goes in to check everything is good after cleaning and record salt and PH level logs and I have a licensed plumber who is in charge of maintaining plumbing, water heater, and boiler system with logs.