.)- Cost (some services charge a nominal fee to process payments)- Ease with which payments can be reversed/chargedback by the tenant with some services (I’ve heard that this is fairly easy to do with some services, like PayPal)- Won’t work if your tenant doesn’t have a bank accountUltimately, I think the pros outweigh the cons and that electronic rent payments are a significant convenience for both the landlord and the tenant. 

That was the moment I decided I wanted to be in charge of my future, to be my own boss.

Over finishing, undiscovered issues, over charging contractors is exactly where much of the profit goes on bad or low equity investments. 

Housing prices are cheaper than Hudson. 

We live in Florida but I am from Philadelphia and find the houses are extremely cheaper than the ones in Florida. 

If you want cheaper prices you'll probably end up looking several states eastward.

If your property manager charges a fee for late rent payments, do they keep it all?

Most will charge 10%.  

Is this only school that teaches to be helicopter pilot, or there is a cheaper version of that?

Then if they are, you could potentially make the deal work by doing a charge back to the tenants for utilities.