Hi Joe,But then again there are those that do manage across the great East / West divide ;).I have been working with a PM for the past two years and quite happy with their services.

Craigslist(Search)Look through the "Real Estate Services" section for cash buyers.   

I know it has been called a little/ no money down investement route but I believe that is more to do with marketting costs.The gurus have explained the steps in details such as qualify a TB, but in order to do so don't I have to go a mortgage broker and ask them to carry out the required checks..surely that carries a cost..I would like to understand from someone who has experience the followingwhich professionals need to carry out each stage for both the TB and the seller documentswhat are the ball park prices I need to expect for these services. 

You need to service them spring and fall, including filling or draining the pans, cleaning the pans and vents, replacing the pads, ideally every season, and lubing the fan and the motor.

My gut tells it's contraction instead of expansion but is that balanced but not carrying any debt service?  

I would actually look to raise the rent slightly after the first 6 months or so.

@Gerard Connolly-  First of all... thank you so much for your service to this country!

., there's no fee for the property management service)?

I have asked why the current owner has not raised rents or terminated the leases, but have yet to get an answer. 

This raises zero flags to the mortgage company and is an extremely safe bet.