If you aren't collecting rent, then the PM should not be collecting full fees.

Purchase price: $43,500 Cash invested: $20,000 Sale price: $165,000 I rented this house for 9 years and collected over $80,000 in rent.

Purchase price: $43,500 Cash invested: $20,000 Sale price: $165,000 I rented this house for 9 years and collected over $80,000 in rent.

The owner has not collected rent, paid taxes or made mortgage payments in many years on these properties. 

I would send them to collections (all people on the lease - not sure on the process in Texas) and be done with it.

Combined their gross income is 3.6x rent. 1 great credit score (mid-lower 700), 1 mid (Mid 600 no credit history), 1 bad credit score (mid 500, balances owing on closed accts but no collections no open accounts.)

After collecting $2,100 in rent, this would allow me to live there for $700 a month. 

Or you can use an attorney and make if more sophisticated.

If someone can recommend different way that they try to collect deposit, we will greatly appreciate that.Thank you all for your time.

I've never made an offer on a turnkey property, however, a good buy is a good buy and I wouldn't rule it out completely if it meets your criteria.Using an experienced sophisticated realtor that is not associated with any turnkey companies is always a good idea.