A LOT of homeowners will also sell properties because they can't keep up with the bills.

Apartments are fully furnished, you pay all the bills, in many cases you provide cleaning and transportation services.Turnover is constantYou are managing a community on top of managing a propertyCash flow can be a lot better than compared to a traditional rental

In your scenario going by number of people may be easier: if you have two renters and yourself living there, 2/3 of household expenses can be deducted from that rental income: 2/3 of utility bills, repairs, etc.I hope this helps!

I have reached out to attorneys, and its a 300$ bill per hour.

It says they can terminate if we default in anyway and keep deposits in one billed point.Under that they say they can exercise other rights or remedy here in or within law.I’m obviously going to get an attorney.

I think it was veteran RE attorney Bill Bronchick who called it a 'reverse wholesale'.See if seller will allow you to put a $5k mortgage on the property representing your fee.

Bills, repairs, late payments, etc... 

Do they offer non monitoring or monthly billing?  

Let's assume:nothing is brokennothing is amazingall major items are "fine" (it doesn't need a NEW roof, but no major leaks)no poolno car ports or garageno dog parkmixed units 1/1, 2/1 and 700-850 sq'water, gas are billed If you are about to answer this with a: "Well it all depends on the circumstance, no two properties are alike." please move on.

Heating bill was something like $2-3k/mo.