The entire firm is separated into 3 distinct departments, marketing, maintenance, and collections.

Then find a buyer(during the time of the Option with the seller) and collect 15% down from him(7K towards the purchase price passed to the seller and the rest mine as assignment fee, no towards the purchase price).

They find some excuse to sue, and they hope to collect a nuisance tax - either an insurance company or the defendant pays some money to make the person go away, because even though they did nothing wrong it will cost more money to show they did nothing wrong.

However, if the payee chooses to not honor the "sale" and keeps the $$$, the payor will have to sue the payee for breach of contract: prove a contract existed and everything else associated with a contract case; and, then if judgment is awarded, working to collect the judgment, etc....

Maybe they really do spend only a few minutes on one particular house and collect a big paycheck.

They normally get 7-12% of your rent but its well worth it if they handle collecting rent, leasing out, tenant issues, advertising, general maintenance, repairs and improvements.

My initial reaction is that you are giving away profit centers you should be collecting on your own. 10% is not uncommon from what I have seen.

My guess is that they do this when they think they have a shot at collecting something, but that's just a guess.

Did I make the right decision to collect the lower rent amount $1800/month hoping to find the right tenants?

He said that he intended to finish the work, but has been busy with "life" Is one year from collecting social security and has thought about selling it for awhile.