I feel like I should at least be making some cash flow, but after the mortgages are paid, PM collects her fee (8%) and any repairs,maintenance, taxes or insurance are paid, I'm left with no extra income. something seems amiss here and when I ask PM she says this is normal and to be expected the first few years of owning rental property.

I was totally impressed with the high end there..

Also our fiduciary responsibility as a property manager is to the owner and if we are not collecting the money that we are not doing our job.  

I've seen "Breaking Bad," I know what it is... but I wasn't under the impression that it was related to drugs.

I'm off to a good start with these rentals--I ran background checks on my tenants, collected a full month's security deposit, setup online bill pay and have good tenants who are paying on time.  

2) You can also collect a NON REFUNDABLE OPTION CONSIDERATION.

All great advice and I'm so impressed with the level of involvement on these forums.

All units have fire place for the winter romance. you don’t need to do anything just turn the key' collect rents and make money Location Location Location this is one of the best location of Glendale heights, and close to everything, close to groceries stores, Stratford, and express ways. 24 hours notice require and we need a pre-approval letter for your buyer Financial Summary !

You would need someone to be at the front desk (collect rent, give keys, call the law if necessary, handle complaints, etc.), you would need cleaning people, and I think you would hire maintenance people as it happened, rather than keep someone on the clock when there is no work to be done.

Recently signed up to BiggerPockets and I am truly impressed with the wealth of information.