Hey Charles,I'm an investor in Glenolden PA(Delaware County) about 15 min away from PhiladelphiaI re command these areas :Clifton Heights/Sharon Hill/Collingdale/Folcroft/GlenoldenLet me know if you need more details

[The property is in Delaware]

Yes it is normal (in DE at least) for management companies to retain late fees. 

Of course there are not many of these transactions and its soup de jour these days so i get that. 

The desolate coast, the mountains of San Pedro Martir, the whales of Scammons Lagoon (Oro de Liebre), the hot springs of Guadalupe canyon and Puertocitos, the party atmosphere of San Felipe, the remote desert terrain, the missions, and the fishing and diving.I do not like the extortion, RE financing, difficulty obtaining reliable RE team.

Oh and on that LLC should I incorpaote in Wyoming as an LLC which then buys it in a trust that then owns a Delaware LLC as well.

If I wanted to retire, I'd de-leverage.

If so, there is no impact on your income for 2017 unless he/she is comfortable with the safe harbor mentioned above and is willing to expenses some of the cost under de minimis safe harbor all the expense below 2500.  

Calculate how many hours of work you're taking on, and divide that $330 amount by the number of hours to determine your hourly wages as the de-facto property manager, and see how it compares with your current salary. 

I currently work in a corporate company as a electrician in the solar industry and I'm seeking future financial freedom.