Realize that if this has been lived in for 10+ years it would probably need some fixup to get a comparable price to recent sales.When I say you're wiped out I mean that your lien and another lien that is junior to the foreclosing mortgage is extinguished. 

Paul, if you were to expand to a comparable city/state with your business model, where do you think that would be?

Things like our own website, craigslist, etc don't generate a drop of traffic compared to what we get through the big two.I'm all ears.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The terms of commission are negotiable between the seller and the sellers agent prior to listing.  

Either way, you need to make it clear that they need to remove the home from the property prior to doing ANY work or scrapping of the home.Not sure which county you are in, but, if that doesn't work, you can still use the sheriff to remove the squatter and drag the home to the land fill (not many take them, but City of Tuscan Los Reales landfill will if you are located in Pima County.

ie - if your HOA or municipality has a no noise after 10:00 pm rule, then any noise prior to that is not actionable. 

I had a tenant that was a landlord in Michigan prior to the crash.

Price compare the 2 complete packages and go from there. 

The market rent we are seeing in comparable places is between 1,100-1,350.