It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Don’t waste time working on impossible or near impossible deals just because you have extra time; spend that time in efforts to find doable deals.2.

If the property is in a rough part and only rents for 1000 and is harder to manage than a rental that's double that and it's percentage based they gave to be compensated fir the extra work. 

One less extra software to worry about...

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas.

If there aren't issues with this and it wouldn't be too much extra work, I'm really just looking for an additional tool to incentivize our borrowers/purchasers to keep paying timely each month. 

(it will take you 163 months to break even on your cash outlay by paying that extra towards principle).

You'll be extra fine if you only buy in good locations where tenants want to live. 

Maybe if you really like these guys and their work...and feel that they honestly got in over their heads, you could throw them an extra $500 just to appear 'nice'.