I am planning to do 8 sets of mailings over 16 weeks, does this sound like a good frequency?

 - As with all bonds, it can lose value during time of rising interest rate, so not risk free.2) Purchase US Treasury Bills directly from US Government- Risk free (if you hold until end of set term) and set interest rate (better vs. savings account). 

Can any of you recommend books that you have read that were helpful in gaining perspective on the property management industry as a whole as well as "best practices" for setting up systems and processes for offering property management to investors?

This would make the tenants responsible for setting up an account with the local water company and billing would happen through them which is very hands off for the investor.

They could have one unit that's actually set up as a 2-bedroom and is recently remodeled that they get $850 for and another that's a dated 1-bed and only $520.

Hope future lawsuits help set more precedent that prevents even mild predatory selling tactics.

To me it would be worth the peace of mind.This doesn't mean you can hire any PM!

If by chance this happens, it is best to not confront the beast but to keep your distance until the courts can set it free!

I know that @Scott Trench goes into great detail about this with @Mindy Jensen on the BP Money Podcast and in his book Set For Life.

I currently have a duplex in which I pay for water as that is how the previous owner had things set up with the tenants.