Back to the original thought -- As I said, I found this position, and with my 15+ years of sales & sales management under my belt, the transition from product to service sale came easily to me.

Lots of fees can be easily built into a management agreement, such as 1 month's rent for finding a tenant, setting up an online portal fee $150 for both you and the tenant, manager taking half of a non refundable pet deposit $300, $7 online rent payment fee, the list is as long as the manager is creative.Work on the relationship, and as the relationship gets better and longer, you should have a guy who has your best interests at heart, although not a requirement.

It basically breaks down to 1-3 properties tend to do it for free with excel or stessa. 3-20 properties can be done easily with quicken for $50. 20+ properties or landlords who have zero interest in the accounting side of it tend to use bookkeepers or accountants they pay to type in numbers to quickbooks. 

This allows us to really easily keep tracks of our books and keep things separate.I would find a bank that allows you to access all the accounts in one log-in.    

EX:  A lot of limiting offering memos will show a 5% management expense when its easily a 8-10% expense in Chicago. 

Unless you have a trustworthy GC/rehab crew, you'll easily find yourself over-budget and blowing past deadlines. 

The better option is to self manage which you can easily do from anywhere using your phone.

@Christopher McCarthy in todays climate, you would easily have yourself booked up.

However, in the event I (hopefully) get a property within the city and closer to the university, it is just a $200/year permit which can easily fit inside the revenue spread.

A 4 bedroom house in West Summerlin 89138 3-6 months ago would have easily rented for $2,500 in 7-10 days.