There are lots of different software options that allow individual payments however, so one person doesn't have to collect the money from everyone. 

Thankfully my mortgage broker was able to get rate-lock extensions at no cost to me.  

I swing by once a month to check the salts, chlorine, AC filters and to make sure everything is working as expected and to collect rent if they prefer to give a check rather than CashApp/Venmo.

I went ahead and estimated my taxes based on my assumption, paid more taxes, and filed an extension. 

Here is an (extensive) example and as Chris says above, they can all be different: LOAN # Street CITY STATE ZIP ORIG BAL CURR BAL Deferred Balance Total Balance Accrued Interest Escrow Balance Corporate Advances Total Legal Balance FIXED/ARM DESC.

Would you rather pay all the taxes on that or collect monthly income and only pay a small portion of taxes on that monthly payment and the downpayment?

In NYC you’re only allowed to collect $20, not enough to cover the standard $35 fee.

@Andrew Freed These programs make money by collecting premiums and declining coverage.

Not to mention, ideally, you'd like a condo with reserves - no way to collect that unless the monthly fee is higher.

I realize that collecting is another matter, but let's say the tenant likes nice cars and cares about their credit.